The University of Idaho in the USA has approved the concession agreement, which will lease its steam plant and utility system to a concessionaire as part of a public-private partnership (P3) that will allow investment in student access, success, and research initiatives for the next half-century. The net proceeds from an up-front payment of US$ 225 million will be invested by the university and are expected to generate US$ 6 million annually for the university to fund strategic initiatives
Sacyr Plenary Utility Partners Idaho LLC will sign the 50-year lease and concession agreement with the university. The concessionaire team is comprised of three firms namely Sacyr Infrastructure USA LCC, Plenary Americas USA Ltd., and McKinstry Essention, LLC.