ACCIONA, along with partners Plenary Americas and SACYR, received the P3 Awards from P3 Bulletin magazine in the “Best Road, Bridge or Tunnel Project” category for the I-10 highway in Louisiana (USA).

The awards ceremony took place on Wednesday in New York, with José Tamariz, director of the Concessions business in the United States, and Julio Marcos, manager of Business Development for Concessions in North America, receiving the award on behalf of ACCIONA.

The P3 Awards are among the most prestigious in the industry and are dedicated exclusively to public-private partnerships. Each year, these awards recognize the most innovative and complex infrastructure agreements.

BRIDGE OVER THE I-10 HIGHWAY

Valued at $3 billion (€2.6 billion) this project is the largest and most complex public-private partnership (P3) ever undertaken in the state. The project’s scope includes reconstructing a six-lane highway, constructing multiple structures (including the new bridge), implementing a free-flow tolling system and demolishing the existing bridge.

In collaboration with the Louisiana Department of Transportation and Development, the project is supported by toll revenues and private capital, exemplifying a sustainable model for providing critical infrastructure through public-private partnerships.

Funding includes both public and private sources. The State of Louisiana will provide approximately $1.2 billion (€1.097 billion) during the construction phase, which will be disbursed as work progresses. Long-term funding is supported by the issuance of $1.332 billion (€1.222 billion) in tax-exempt Private Activity Bonds (PABs) in four tranches, maturing between 2054 and 2066. J.P. Morgan Securities LLC and Wells Fargo Bank, N.A. acted as key financial participants. The remainder of the private capital will be invested once the project is completed.