Foreign investors win toll road bid in Colorado

| 4/11/2007

In an attempt to retire $416 million in bond debt, a Denver-area toll authority has accepted a bid from foreign investors to take over a stretch of the loop around the metro area.

The Northwest Parkway Board of Directors chose Brisa Auto-Estradas of Portugal and Companhia de Concessoes Rodoviarias of Brazil from a field of 11 bidders to operate the 11-mile Northwest Parkway, which links the E-470 toll road and U.S. 36.

The board and the investors will take about 30 days to negotiate terms of a long-term lease agreement, a parkway spokeswoman said.

Current tolls on the Northwest Parkway are $2 for the first two axles of any vehicle plus $2 for each additional axle.

The loop around Denver includes state highways and privately operated toll roads overseen by regional toll authorities.

– By David Tanner, staff writer