Eighteen months after Denver International Airport (DEN) issued a Request for Qualifications (RFQ), the redevelopment of its ‘iconic’ Jeppesen Terminal is one step closer to getting started with the selection of a Ferrovial-led team as preferred bidder for the project.
Over the next six to eight weeks, the airport, along with a consortium that comprises Ferrovial Airports International and a JLC/Saunders joint venture, will work to define the terms and scope of the project. The JLC/Saunderswhich includes Saunders and Magic Johnson Enterprises & Loop Capital.
If an agreement is reached it will then go before the Denver City Council for approval in August and will have to be signed off on by Denver Mayor Michael Hancock, DEN said in a statement.
An additional six months of negotiations will follow before commercial close can be achieved. “At the end of the pre-development phase, the airport and city will make a decision whether to proceed with this P3,” DEN said.
The airport is seeking to modernise the terminal, which covers 1.5 million square feet. The three main areas of improvement include consolidating the airline ticket counters, relocating the Transportation Security Administration screening counters, modifying the baggage handling system, and redesigning the shopping and dining areas in the terminal.
According to the statement, DEN plans to move forward with the airline ticket counter and TSA screening relocation regardless of whether a P3 agreement is reached. “Should this occur, DEN would utilise another project delivery method,” the airport stated.
The Ferrovial team beat out the DEN Transformation team, led by the Manchester Airport Group and Plenary Group, and Australia’s Westfield Corporation. A fourth team, the Great Hall Experience Partners led by Vantage Airport Group, was also among those shortlisted but did not submit a proposal.
The specific terms of the pre-development contract will be made available in August, when it is presented to the Denver City Council.
Last year, the airport celebrated its 20th anniversary and reported record passenger traffic in 2015 of more than 54 million passengers. It is the fifth busiest airport in the US.