Eight private investment groups have submitted qualifications to the Florida DOT in hopes of leasing the Alligator Alley toll road for 50 to 75 years. All of the firms have offshore roots.
The Florida Department of Transportation announced in early May that Alligator Alley, a 78-mile portion of Interstate 75 through the Everglades in South Florida, was going on the auction block. Alligator Alley has been tolled since the completion of a lane-expansion project in 1992.
Investors interested in bidding on Alligator Alley submitted their qualifications between May 5 and June 3. The list includes Cintra and Abertis of Spain, Macquarie of Australia, Brisa of Portugal and others. Affiliates of those four companies currently operate toll roads on U.S. soil.
The next step for the Florida DOT is to shorten the list by June 30 and ask the remaining applicants to submit bids by Sept. 30. The timeframe for signing a lease has not been set.
Investment teams vying for a chance to bid on Alligator Alley include:
- The Alligator Alley Development Partners consisting of OHL Concesiones of Spain and Carlyle Infrastructure Partners, an infrastructure subsidiary of the Carlyle Group of Washington, DC;
- Abertis Infraestructuras S.A. of Spain;
- Atlantia SPA consisting of Atlantia SPA of Italy, formerly known as Autostrade SPA, and U.S.-based Electronic Transaction Consultants Corporation as a non-equity partner;
- A2 Transportation Partners consisting of Brisa Auto-Estradas de Portugal S.A. of Portugal, Companhia de Concessoes Rodoviarias of Brazil; and JP Morgan IIF Acquisitions of New York;
- Macquarie Capital Group Limited consisting of MIHI LLC with roots in Australia;
- Vinci Concessions Development consisting of Vinci Concessions of France and non-equity partner Confironte USA of unknown origin and a company listed as Hubbard, which appears to be Hubbard Group, a Florida-based affiliate of Eurovia and Vinci Concessions of France;
- Everglades Parkway Partners consisting of Cintra Concessiones de Infraestructuras de Transporte S.A. of Spain, and G.S. Global Infrastructure Partners I L.P., an infrastructure investment subsidiary of Goldman, Sachs & Co. of New York; and
- GVI Alligator Alley Access Partners consisting of Corporacion Financiera Caja de Madrid S.A. of Spain, FCC Construction S.A. of Spain, and a non-equity partner called GVI – Alltech O&M Joint Venture.
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