CTIO Annual Report 2024
KMP Operates Central 70 Express Lanes Under P3 Contract
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Description
Kiewit Meridiam Partners (KMP) manages operations, maintenance, and tolling on the Central 70 (I-70) Express Lanes under a 30-year P3 starting in 2023. Jorgensen serves as O&M subcontractor.
Contract Details
Contract Amount
$1.3 billion (original construction value)
Vendor
KIEWIT MERIDIAM PARTNERS (KMP)
Agency
Division of Transportation Development, CO
Contract Type
CONSTRUCTION
Document Date
January 15, 2025
Contract Term
30 years, 2023–2053 (operations & maintenance)
Renewal Date
2053-01-01
Renewal Info
30-year O&M period (2023–2053), under availability payment structure, with performance requirements and penalties for noncompliance. Jorgensen is current O&M subcontractor.
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