Tag Archives: Financial Close

Financial Close for Denver International Airport’s Great Hall Project

On December 21, 2017, the City and County of Denver and Denver Great Hall LLC  reached financial close on the $1.8 billion Jeppesen Terminal redevelopment project (Great Hall Project) at Denver International Airport. Following on the heels of Denver City Council’s approval of the Development Agreement and commercial close in August 2017, this represents a … Continue Reading

California Department of Transportation Reaches Financial Close on Presidio Parkway Project

The California Department of Transportation (“Caltrans”), in cooperation with the San Francisco County Transportation Authority, reached financial close on the Presidio Parkway Project public-private partnership (“P3”).  The $1.1 billion deal is the first transportation P3 in California under the recently enacted P3 statute, Streets and Highways Code section 143, and only the third highway project … Continue Reading

Virginia DOT Reaches Financial Close on Midtown Tunnel Project

The Virginia Department of Transportation and Elizabeth River Crossings Opco LLC (“ERC”) reached financial close on a toll concession public-private partnership ("PPP") for the $2.1 billion Midtown Tunnel Project.  It is the first United States transportation PPP to reach financial close in 2012 and will include construction of a new Midtown Tunnel, rehabilitating the existing Midtown … Continue Reading

VDOT’s Midtown Tunnel Project Targets Financial Close By Year’s End

During a July 20, 2011 presentation before the Commonwealth Transportation Board, the Virginia Department of Transportation reported that VDOT reached agreement on major business terms with Elizabeth River Crossings LLC for the design, construction, financing, operations and maintenance of the Midtown Tunnel Project in the Portsmouth and Norfolk area.  As a result of this major … Continue Reading
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