Plenary Group awarded first major US project

Plenary Roads Denver has been selected as the preferred proponent for Colorado’s US 36 Managed Lanes project, the state’s first Public-Private Partnership. The announcement was made April 5 by the Colorado Department of Transportation (CDOT) and the High Performance Transportation Enterprise (HPTE). This marks a significant step forward for Plenary Group into the US market. A specialist in Public-Private Partnerships, Plenary Group already has $5.3 billion in Canadian public infrastructure assets under its management. The US 36 project will make improvements to US 36 between Denver and Boulder.
Mike Cheroutes, Director of the HPTE, shared his enthusiasm in a press release: “We are extremely excited to have a partner on board to complete the final phase of the US 36 improvements,” he said. He went on to say that the project “will address the needs of this vital corridor and support continued economic growth in the area.”
Plenary Group is equally happy with the appointment. “We are pleased to be selected as the preferred proponent for the US 36 project,” said newly appointed Chairman of Plenary Group USA Dale Bonner, in a separate release. “We now look forward to working as partners with the Colorado Department of Transportation, the HPTE, and other stakeholders to complete the procurement process and deliver this important infrastructure asset in a timely and efficient manner.”
Operation and maintenance of the highway, including snow and ice removal, are also included in the agreement between CDOT, HPTE, and Plenary Roads Denver. The agreement will last 50 years.

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