- Associated Press - Thursday, February 20, 2014

DENVER (AP) - The board that oversees the Colorado Department of Transportation has given final approval to a contract with a private consortium to help build and maintain the Denver-Boulder highway and collect tolls on some lanes in return.

KUSA-TV reports (https://tinyurl.com/lnvk5kk ) the Colorado Transportation Commission approved the deal Thursday. CDOT says the contract could be signed next week.

The deal provoked furious opposition in recent weeks. Foes say there was too much secrecy and complained the deal sends tax dollars out of state. Supporters say such public-private partnerships are the only way to finance big projects with tax revenue limited.

Under the 50-year deal, Plenary Roads Denver will build Phase 2 of the $425 million expansion project and maintain the highway. Plenary gets to collect and keep tolls from the express lanes.


Information from: KUSA-TV, https://www.9news.com

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