Rapid Bridge Replacement Project named best North American P3

NewsRapid Bridge Replacement Project named best North American P3
The brand logo
Global

GlobalTransport

23 Mar 2016

The Pennsylvania Rapid Bridge Replacement Project has been awarded the 2015 best PPP in North America by IJGlobal at its annual awards ceremony in New York this month.

Under the contract with the Pennsylvania Department of Transportation (PennDOT), Plenary Walsh Keystone Partners (PWKP) is responsible for managing the design, accelerated construction, financing, maintenance and rehabilitation of 558 structurally deficient bridges across the state over a 28-year contract term.

Plenary’s US Chief Operating Officer Matt Girard said Plenary was pleased the innovative nature of this project was being recognized by the market.

“As one of the first examples of bundling numerous structures into a single P3 contract, we hope it serves as a template for other projects around the country,” Mr Girard said.

Plenary Group is the project sponsor, financial arranger and an 80 per cent equity investor for the consortium that also includes The Walsh Group, Granite Construction Company and HDR. 

To ensure PennDOT’s construction program is met, PWKP has taken a local approach to construction, utilizing Pennsylvania-based subcontractors to leverage local knowledge and existing sub-contractor networks. 

The project has been recognized for a number of other awards given the unique nature of the deal. 

Infrastructure Investor selected the RBR Project as the North America PPP Deal of the Year in 2014, P3 Bulletin selected the project as the Best Transport Project of the Year 2015, and The Bond Buyer chose the project as the Northeast Region’s Deal of the Year for 2015.

Stephanie Williamson

Senior Vice President, Corporate Affairs

Contact via email

Related news

Construction begins on final, 558th bridge in Rapid Bridge Replacement Project image

Construction begins on final, 558th bridge in Rapid Bridge Replacement Project

The Pennsylvania Department of Transportation (PennDOT) and its Rapid Bridge Replacement Project development partner, Plenary Walsh Keystone Partners…

Americas

29 July 2019

PennDOT, Plenary Walsh Keystone Partners celebrate 500th bridge image

PennDOT, Plenary Walsh Keystone Partners celebrate 500th bridge

The Pennsylvania Department of Transportation (PennDOT) and its Rapid Bridge Replacement Project development partner, Plenary Walsh Keystone Partners…

Americas

30 November 2018

Plenary Walsh Keystone Partners gives thanks with turkey donations image

Plenary Walsh Keystone Partners gives thanks with turkey donations

This Thanksgiving, Plenary Walsh Keystone Partners (PWKP) ‒ the team delivering and maintaining the Pennsylvania Department of Transportation’s…

Americas

20 November 2018

Global



Follow Plenary Group


Follow Plenary Americas