Public-Private Partnership Set for Colorado Central 70 Project

Central70Narrow2This is just a quick update on a previous story. A few months ago I wrote about a major highway project in Colorado (between downtown Denver and Denver International Airport) that was planning on using a public-private partnership (P3) very similar in structure to that of the now-failed I-69 Development Partners selected to develop I-69 Section 5: Major Public-Private Partnership Highway Project Under Consideration in Colorado: Sounds Like Deja Vu All Over Again. The most interesting aspect of the $1.2B project is the lowering and covering of the interstate at one point, and the creation of a 4 acre park that connects two formerly disconnected neighborhoods on top of the cover.

Recently, Kiewit Meridiam Partners was selected to design, build, finance, operate, and maintain the Central 70 project. You can find the press release here.

It will be interesting to monitor the progress of this P3, and compare performance vs. the failed I-69 Development Partners. During the debate here in Indiana, while many blamed the selected contractor, others blame the very nature of a public-private partnership for road construction. The Central 70 project will serve as a useful comparison.

 

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