DIF Infrastructure IV has reached financial close on a 33.3% equity interest in Northwest Parkway (NWP) concession, a toll-road located in the Denver metropolitan area of Colorado, U.S.A.
DIF is part of a consortium alongside Northleaf Capital Partners and HICL Infrastructure Company Limited, which, as we reported in early March, acquired a 100% equity interest in the Project from Brisa, a Portuguese toll-road operator.
The road, which started operations in 2003, has strong traffic history and connects with several toll and non-toll highways, including E-470, I-25, US 36 and US 287, providing convenient access to residential and commercial centres in the region.
Northwest Parkway has 90 years remaining on its 99-year concession to operate and maintain a 14km section of the beltway system extending around Denver. Revenues are generated by tolls through an all-electronic tolling system. The counterparty to the concession is the Northwest Parkway Public Highway Authority.
Paul Huebener, Partner and Head of DIF Americas, said:
"We are excited to add Northwest Parkway to DIF’s portfolio of investments. Northwest Parkway provides DIF’s investors with an attractive North American infrastructure investment underpinned by the dynamic growth in the greater Denver metropolitan area.”