1 minute read | March.05.2024
Orrick’s client, VINCI Highways, a subsidiary of VINCI Concessions, has signed an agreement to acquire a company that holds the P3 concession contract for Denver’s Northwest Parkway, an eight-mile (14-km) section of Denver’s ring road.
VINCI is a global player in concessions, energy and construction, employing more than 272,000 people in more than 120 countries.
The company designs, finances, builds and operates infrastructure and facilities that help improve daily life and mobility.
The section of Northwest Parkway that is the focus on the transaction has been in service since 2003. It serves as a gateway to Denver International Airport.
Northwest Parkway generated 7.2 million transactions in 2023, up 6% compared to 2022 and 17% compared to 2021, VINCI said in a statement.
The concession contract lasts until 2106, representing the longest remaining term (83 years) in the highway concession sector today in the United States.
Young Lee led the Orrick team that advised VINCI Highways. The team also included Adam Kowis, Ayla Vilander, Joseph B. Lodico, Jeanine P. McGuinness, Craig Falls, Jason D. Flaherty, Sue Cowell, Matthew Coleman, Heather Cron, Jimmy Frost, Rebecca Lemish, Sara Forden, Robert M. O'Connell Jr., and John D. Grant.