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News » US » Ferrovial signs $650m Denver airport deal » published 25 Aug 2017

Ferrovial signs $650m Denver airport deal

A Ferrovial-led team has signed a US$650m contract for remodelling and operation of Denver International Airport's main terminal.

The team had been named for the project last month (link opens in new tab).

The contract, which marks Ferrovial’s debut in the US airport market, covers remodelling and commercial operation of the Jeppesen terminal under a 34-year concession.

Great Hall Partners is headed up by Ferrovial Airports; the team also includes Saunders Construction and JLC, an investment fund created by Loop Capital and Magic Johnson Enterprises.

Ferrovial Agroman in consortium with local company Saunders Construction will handle the construction work. The Great Hall project consists of upgrading the Jeppesen terminal at Denver International Airport.

Jorge Gil, CEO of Ferrovial Airports, said, “We are very happy to have successfully achieved commercial closure of the project and to be able to continue working on the development and implementation of a new Great Hall that will provide numerous benefits for Denver and its community.”

In the next few months, Great Hall Partners will advance towards financial closure, which is expected to be achieved in the fourth quarter of this year.

The upgrades include creating new shopping and food areas, relocating and expanding the TSA screening areas, improving building access and passenger flow, creating a new check-in area, and optimizing space and efficiency in the terminal.

Ferrovial Airports said that the Great Hall, its first project in the US, offers new business opportunities in public-private partnerships (P3), a space in which Ferrovial has extensive experience through subsidiaries Cintra and Ferrovial Agroman. The number of P3 projects has expanded rapidly in the US.

 

MPU

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This article was published on 25 Aug 2017 (last updated on 25 Aug 2017).

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