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Boulder Turnpike Deal Final After Meeting Criticism

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The Boulder Turnpike (credit: CBS)

The Boulder Turnpike (credit: CBS)

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DENVER (AP) – After sharp criticism, Colorado has announced the conclusion of a deal for a private company to help expand and maintain the main Denver-Boulder highway and collect tolls from some lanes.

The Department of Transportation says the deal was finalized Wednesday.

Plenary Roads, a consortium that includes Goldman Sachs, will contribute its own equity to the project along a stretch of US 36 owned by the state. The company will also be responsible for maintaining and plowing it as well as a stretch of Interstate 25. The company will be repaid over 50 years through express lane tolls.

Opponents, some of whom were forcibly removed from a transportation commission hearing last week, have expressed concern tolls will be too high and called for more information about how the deal was struck.

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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