Plenary Group has edged out a consortium led by Isolux Corsan to design, build, finance, operate, and maintain a toll road public-private partnership (PPP; P3) in Colorado.
The Colorado Department of Transportation (CDOT) and the High Performance Transportation Enterprise (HPTE) said the Plenary team – Plenary Road Denver – has been named selected bidder for a project involving US Route 36.
“CDOT and HPTE will enter into a 50-year agreement with Plenary Roads Denver,” CDOT announced on its website.
The Department went on to call the US 36 project its “first public-private partnership”. CDOT did not reveal the cost of the P3, or state when the deal would reach financial close.
Plenary Roads Denver and ‘US 36 Development Partners’ – the Isolux team – had responded to a request for proposals (RFP) published last August.
The HTPE in May 2012 shortlisted Plenary, US 36 Development Partners and ‘Denver Access Partners,’ a consortium teaming Cintra Infraestructuras, Ferrovial Agroman, Lawrence Construction Company and AZTEC Engineering Group.
Denver Access Partners did not respond to the RFP. A fourth team, ‘Accelerate 36 Consortium,’ including Balfour Beatty Capital, Edgemor Infrastructure and Real Estate, Brisa, Atkinson Construction, Parsons Brinckerhoff, and Scotiabank, were not issued the RFP.
Ames Construction, Granite Construction, HDR, Transfield Services, and Goldman Sachs Group, round out the Plenary team.
In addition to Isolux toll road unit Isolux Infrastructure, Kiewit Infrastructure Company, Atkins, Terracare Associates, and Bank of Tokyo-Mitsubishi UFJ made up US 36 Development Partners.