For years, the Colorado Department of Transportation has struggled to find funding for expansion and improvement projects along the high-growth stretch of Interstate 25 between the northern Denver suburbs and Fort Collins. Now a private company is proposing to take over the burden of financing some of those improvements in exchange for future toll revenues.
Roadis USA Holding LLC, a Denver-based subsidiary of the Public Sector Pension Investment Board of Canada with operations in North America, Brazil, India, Mexico, Spain and Portugal, submitted an unsolicited proposal to CDOT and its High Performance Transportation Enterprise division, which oversees Colorado toll roads and public-private transportation partnerships. The move came after CDOT last year lifted a moratorium on the receipt of such proposals.
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