Preferred bidder selected for Utility system PPP of University of Idaho

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

The University of Idaho in the USA has approved the concession agreement, which will lease its steam plant and utility system to a concessionaire as part of a public-private partnership (P3) that will allow investment in student access, success, and research initiatives for the next half-century. The net proceeds from an up-front payment of US$ 225 million will be invested by the university and are expected to generate US$ 6 million annually for the university to fund strategic initiatives

Sacyr Plenary Utility Partners Idaho LLC will sign the 50-year lease and concession agreement with the university. The concessionaire team is comprised of three firms namely Sacyr Infrastructure USA LCC, Plenary Americas USA Ltd., and McKinstry Essention, LLC. 

 

Share this update