Colorado launches tender for highway PPP

The Colorado High Performance Transportation Enterprise has kicked off the tender process for phase two of a managed lanes public-private partnership project. A tender could ensue in the coming months.

The Colorado High Performance Transportation Enterprise, a state surface transportation agency, has launched a request for qualifications (RFQ) for a highway public-private partnership (PPP). 

The tender is for phase two of the agency's US 36 corridor concession project. The project also involves operating and maintaining managed lanes in the US 36 corridor and express lanes on Interstate 25, which when combined, comprise a 24-mile stretch of highway.

The design, build, finance, operate and maintain project is to be structured as a toll concession in which the future concessionaire retains revenues for the life of the 50-year contract. The first leg of this project was supported via a federal loan provided through the government's Transportation Infrastructure Finance and Innovation Act (TIFIA) programme.

Interested parties should respond to HPTE by April 6, with a shortlist expected to be revealed by May.