Colorado’s Transportation Commission on June 20 approved an unsolicited

proposal from an equal venture of HBG Flatiron and Fluor Daniel for

public-private development of four new high-occupancy toll (HOT) lanes in the

median of C-470 between I-25 and I-70, in southwest Denver.

F&F Infrastructure Inc.’s proposal includes preliminary design, financing

(non-recourse toll revenue bonds issued by a private, not-for-profit company

or a new statewide toll agency recently authorized by the state legislature),

design-build construction, and toll facilities and roadway operations and

maintenance for the HOT lanes. The project’s conceptual design-build estimate

is $315 million.