TRANSPORTATIONONGOING

United Bridge Partners in long-term Houbolt DBFOM deal

United Bridge Partners, alongside CenterPoint Properties Trust, entered a 99-year DBFOM concession to finance, design, build, operate, and maintain the $190 million Houbolt Road Bridge near Joliet, recovering its investment via toll revenues. The city retains ownership while the private partners manage operations and lifecycle maintenance.

Document date · December 1, 2025

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WithersRavenel logo
Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
$150–$170 million private equity (of $190 million total project cost)
Contract type
TRANSPORTATION
Contract term
99-year DBFOM concession period (commencing at operations, circa 2023)
Renewal date
2122-12-31
Renewal
Concession spans 99 years; the brief does not indicate renewal or extension options beyond this period.
Document type
Report
Source document
Chicago Metropolitan Agency for Planning Policy Brief December 2025

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the transportation contract by Chicago Metropolitan Agency for Planning?

United Bridge Partners was awarded this transportation contract by Chicago Metropolitan Agency for Planning, as recorded on December 1, 2025. The contract value is $150–$170 million private equity (of $190 million total project cost).

How much is the United Bridge Partners contract with Chicago Metropolitan Agency for Planning worth?

The United Bridge Partners contract with Chicago Metropolitan Agency for Planning is valued at $150–$170 million private equity (of $190 million total project cost), covering transportation work.

What type of contract is this?

This is a Transportation contract, documented as a report record.

Where was this contract approved?

This contract appears in Chicago Metropolitan Agency for Planning Policy Brief December 2025 (Report), dated December 1, 2025 from Chicago Metropolitan Agency for Planning. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does United Bridge Partners hold?

United Bridge Partners may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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