CTIO Annual Report 2025
Central 70 P3 Delivered by Kiewit Meridiam Partners
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Description
Kiewit Meridiam Partners began a 30-year DBFOM concession in 2023 for Central 70, handling operations and maintenance of the reconstructed 10-mile corridor. Annual availability payments are provided per a strict performance-based contract.
Contract Details
Contract Amount
$1.3 billion (construction value); annual availability payments for 30 years
Vendor
KIEWIT MERIDIAM PARTNERS (KMP)
Agency
Division of Transportation Development, CO
Contract Type
CONSTRUCTION
Document Date
January 15, 2026
Contract Term
30-year operations/maintenance, began 2023 after construction completion
Renewal Date
2053-06-30
Renewal Info
30-year O&M term (2023–2053); renewals would be subject to future negotiations during the contract period.
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