PARIS, FRANCE: VINCI Highways, a subsidiary of VINCI Concessions, has signed an agreement to acquire NWP HoldCo LLC, the company that holds the concession contract of Denver’s Northwest Parkway, a 14-km section of the city’s ring road in Colorado.
The deal involves the purchase of 100% of the concession company, which is currently owned by funds managed by DIF Capital Partners, Northleaf Capital Partners and HICL Infrastructure PLC. The financial closing is expected in the second quarter of 2024, subject to approval by the grantor and the authorities.
Northwest Parkway is a key link to Denver’s international airport and serves one of the fastest-growing metropolitan areas in the United States. The toll road, which has been in operation since 2003, recorded 7.2 million transactions in 2023, a 6% increase from 2022 and a 17% increase from 2021. The concession contract runs until 2106, making it the longest-term highway concession in the US today.
This acquisition marks VINCI Highways’ first traffic-risk concession in the US. The company also operates the Ohio River Bridges project and free-flow toll service contracts in Texas and California. VINCI is a global leader in concessions, energy and construction, with 280,000 employees in more than 120 countries.
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