John Laing Group has announced that it will invest an additional US$14 million to increase its shareholding in the Denver Eagle PPP project in Colorado from 45% to 50%.

Since investing in Denver Eagle, John Laing has played an active role in the delivery of the project through construction and entirely into operations in 2019. In addition, John Laing has secured a refinancing at the end of last year, resulting in improved cash yields and a gain share with RTD. The project has maintained a strong operational track record with each commuter line averaging 95% or above reliability and a combined ridership of over 33 million.

The asset benefits from an availability-based revenue model with a 34-year concession and its central location in the metropolitan area.  With this additional investment, John Laing will increase its stake in an existing asset with considerable opportunities for further value creation and growth, while building a further track record.