SR 400 Award – Press Release Draft

We are named Best Value Proposer

SR400 Peach Partners named Best Value Proposer by GDOT for the SR 400 Express Lanes MMIP Project.

SR400 Peach Partners, a three-party consortium between Acciona Concessions, ACS Infrastructure, and Meridiam, is pleased to announce it has been selected by the Georgia Department of Transportation (GDOT) as the Best Value Proposer for the SR 400 Express Lanes Project. Heavy civil industry leaders Dragados and Acciona Construction have formed a joint venture to carry out the Project’s design and construction, while the consortium will set up a dedicated project company to self-perform long-term operations and maintenance over the 55 plus year contract term

The Project consists of the design, construction, finance, operations, and maintenance of a 16-mile-long corridor in the metro Atlanta region, which will be upgraded and expanded to include additional dynamically-tolled free-flow express lanes in each direction between McGinnis Ferry Road in Fulton County and McFarland Parkway in Forsyth County. The Project will also encompass the upgrade of several key bridges along the route, including those at Pitts Road, Roberts Drive, and Kimball Bridge. This is the first project GDOT has entered into with a private sector partner for a long-term DBFOM partnership.

The Project has been designed with the goal of improving accessibility and enhancing travel time reliability for the public, while ensuring safety and minimizing construction impacts to the environment and the local community. SR400 Peach Partners have developed multiple alternative technical concepts to improve design and efficiency, to integrate the expansion of the Metropolitan Atlanta Rapid Transit Authority (MARTA) transit system, and to improve the user experience. Construction has been scheduled to minimize disruption to current traffic patterns. An innovative proprietary solution from team member Indra USA, based on advanced radar technology and traffic predictive modeling, will provide a higher level of safety, reliability, and service during operations. In addition, SR400 Peach Partners will implement an inclusive and comprehensive program to contribute to local economic growth and small business success.

“Our team is proud to have been selected as long-term partners to GDOT, the State Road and Tollway Authority (SRTA), and key project stakeholders in this transformative project. We are fully committed to bringing reliable, safe travel and improved mobility to the Atlanta community and broader region for generations to come and will deploy the operational expertise and on-time, on budget delivery reflected in our longstanding US track record in doing so.”

– Nicolas Rubio, CEO of Meridiam Americas

“It is a privilege to have been selected by the Georgia Department of Transportation (GDOT) and the State Road and Tollway Authority (SRTA) to deliver this vital north-south transportation corridor in metro Atlanta. Contracts such as this one reinforce the company’s presence in the U.S. market and reflect its strong commitment to driving the transformation to greener, more digital and resilient transportation infrastructures, as well as ensuring the well-being of citizens by providing more accessible, reliable and safe transportation.”

– Carlos Planelles, managing director of North America for ACCIONA’s Infrastructure Division

“We are honored to have been awarded this exciting project, and to be partnering with GDOT and SRTA for the next 55+ years. With the SR 400 Express Lanes Project, we are taking a significant step towards improving mobility for travelers in the Atlanta region. We are proud to contribute to a project that will promote economic growth, enhance travel efficiency, ease congestion, and serve the local community for decades to come. The award of this important project reaffirms our role as a leader in managed lanes and our commitment to fostering innovative solutions for the communities we serve.”

– Nuria Haltiwanger, CEO of ACS Infrastructure (IRIDIUM)

ACCIONA is a global company, a leader in the provision of regenerative solutions for a decarbonised economy. Its business offer includes renewable energy, water treatment and management, eco-efficient transport and mobility systems, resilient infrastructures, etc. The company has been carbon neutral since 2016. ACCIONA recorded sales of €17,021 million in 2023 and has a business presence in more than 40 countries. www.acciona.com/es

The ACS Group is a global infrastructure developer and contractor that that operates through leading companies in the development, financing and operation of engineering, civil works and new generation solutions in high value-added sectors such as energy transition, resources, digitalization, and smart, sustainable mobility. The ACS Group has 140,000 employees worldwide and had revenues of $39 billion in 2023. In 2023, the ACS Group was ranked by Engineer News-Record (ENR) as #2 in the Top 250 International Contractors and #12 in the Top 250 Global Contractors.

An expert in public-private partnerships (P3), ACS Group has developed more than 150 P3/concession projects internationally, totaling over $57 billion of total investment value. In North America, ACS Infrastructure’s P3 project portfolio is composed of 16 projects, with a total investment value of nearly $23 billion. Ten of these projects are in the operations phase, including the I-595 Express Lanes project in Florida and the SH 288 Managed Lanes project in Texas, and six projects are in the construction phase, such as the iconic Gordie Howe International Bridge connecting Detroit, Michigan with Windsor, Canada and the LAX Automated People Mover at the Los Angeles International Airport.

Founded in 2005, Meridiam provides solutions to public infrastructure challenges through the long-term development, financing and management of sustainable projects. Meridiam has over $23bn under management across 125 assets focused on transportation infrastructure, critical public services and energy transition in the Americas, Europe and Africa. Ranked #1 US Transportation P3 Developer by Public Works Financing[1], Meridiam is ISO 9001 and ISO 37001 certified and is a Certified B Corporation™.

[1] Public Works Financing, July, 2024, U.S Transportation P3 Developers.