Colorado authority seeks legal advisor for highway P3

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The Jefferson Parkway Public Highway Authority, a political subdivision of the State of Colorado, has announced that it is seeking special transactional legal counsel for the procurement of a developer-operator to design, build, finance, operate, and maintain the Jefferson Parkway.

The Jefferson Parkway is a planned 14.8km four-lane limited access tolled highway, extending from Colorado State Highway 128 on the north to Colorado State Highway 93 on the south, forming the final link in the Denver metropolitan area beltway.

Selected counsel will work with the Authority in connection with, inter alia:

  • Analysis of the Jefferson Parkway project and recommendations on structure of the P3 and procurement of a P3 developer
  • A P3 developer Request for Qualifications
  • Vetting of those submitting Statements of Qualifications
  • Preparation of a Request for Proposals from a shortlist of qualified P3 developers
  • Preparation and negotiation of a concession agreement
  • One-on-one discussions with P3 proposers
  • Selection of a preferred P3 proposer and completion of the P3 concession agreement
  • The issuance of appropriate opinions
  • Financial close

Transactional counsel engagement is expected to be completed no later than July of 2018.

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