VINCI signs an agreement for the acquisition of Denver’s Northwest Parkway (Colorado) in the United States
28 Février 2024 - 7:45AM
VINCI signs an agreement for the acquisition of Denver’s Northwest
Parkway (Colorado) in the United States
Nanterre, 28 February 2024
VINCI signs an agreement for the
acquisition of Denver’s Northwest Parkway (Colorado) in the United
States
- 83-year concession toll road in one
of the most dynamic states in the United States
- 14 km in the Northwest section of
Denver’s ring road
- 7,2 million transactions in 2023,
up 6% compared to 2022
VINCI Highways, subsidiary of VINCI Concessions,
signed an agreement for the acquisition of NWP HoldCo LLC, the
company holding the concession contract of Denver’s Northwest
Parkway, a 14-km section of Denver’s ring road in Colorado.
The agreement concerns the acquisition of 100%
of the concession company, currently owned by funds managed by DIF
Capital Partners and funds managed by Northleaf Capital Partners
and HICL Infrastructure PLC. Financial closing is scheduled for the
second quarter of 2024, following approval by the grantor - the
Northwest Parkway Public Highway Authority, composed of the
municipalities of Broomfield and Lafayette - and the competent
authorities.
Located within one of the fastest-growing United
States metropolitan areas, Northwest Parkway section has been in
service since 2003 and notably serves as a gateway to Denver’s
international airport. Northwest Parkway generated 7,2 million
transactions in 2023, up 6% compared to 2022 and 17% compared to
2021. An all-electronic toll road, Northwest Parkway also offers
growth perspectives with the ability to implement variable
tolling.
The concession contract lasts until 2106,
representing the longest remaining term (83 years) on the highway
concession sector today in the United States. The concessionaire is
remunerated by the perception of tolls.
This acquisition is VINCI Highways’ first
traffic-risk concession in the United States. VINCI Highways also
operates, as part of a public-private partnership (availability
payment), the Ohio River Bridges project, linking the states of
Indiana and Kentucky, as well as free-flow toll service contracts -
through its ViaPlus subsidiary - for governmental agencies in Texas
and California.
About VINCIVINCI is a global player in
concessions, energy and construction, employing 280,000 people in
more than 120 countries. We design, finance, build and operate
infrastructure and facilities that help improve daily life and
mobility for all. Because we believe in all-round performance,
above and beyond economic and financial results, we are committed
to operating in an environmentally and socially responsible manner.
And because our projects are in the public interest, we consider
that reaching out to all our stakeholders and engaging in dialogue
with them is essential in the conduct of our business activities.
VINCI’s ambition is to create long-term value for its customers,
shareholders, employees, partners and society in general.
www.vinci.com
This press release is an official information document of the
VINCI Group.
PRESS CONTACTVINCI Press DepartmentTel: +33 (0)1
57 98 62 88media.relations@vinci.com
- CP VINCI Highways acquisition Denver 20240228_VA
Vinci (EU:DG)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Vinci (EU:DG)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024