Vinci Concessions, via its subsidiary Vinci Highways, has finalised the acquisition of NWP HoldCo, the concession company for Northwest Parkway, a 14-km (8.6-mile) tolled section of the Denver ring road in Colorado, for around US$1.2bn (£958.5m).
Representing the first major acquisition for Vinci Concessions in the USA, the company said the transaction fits within Vinci Group’s strategy to strengthen its presence in North America.
In 2023, Northwest Parkway recorded 7.2 million transactions, up 6% compared to 2022. Its revenue has risen 8% a year on average since 2014, with EBITDA doubling over the same period.
According to Vinci, the tolled highway section’s strategic location in Denver means Northwest Parkway serves important economic, touristic and residential areas in the capital city of Colorado, facilitating connections to major transportation infrastructure including Denver international airport, Interstate 25 and US 36 highway.
FREE: Subscribe to the monthly Road User Charging Conference Newsletter – now!
What’s more, the Northwest Parkway concession, which runs until 2106, has the longest remaining term – 83 years – in the US highway sector today.
Northwest Parkway will also benefit from Vinci Highways’ experience in the USA, which is the concessionaire, under the Ohio River Bridges public-private partnership, for the link between the US states of Indiana and Kentucky, near Louisville.
Furthermore, through its subsidiary ViaPlus, Vinci Highways manages free-flow ECT contracts in California and Texas on behalf of those states’ public authorities.
VINCI Highways will seek to optimise management of the infrastructure by bringing some services back in-house, to improve user experience and travel time reliability thanks to levers such as variable tolling.
You can learn more about the key trends and challenges affecting senior decision-makers who have responsibility for tolling, intelligent transportation systems and road pricing across the world at Akabo Media’s global series of Road User Charging Conferences in Brussels, Miami, Singapore and Abu Dhabi. Click here for more information!
