ICF (NASDAQ:ICFI), a global consulting and digital services provider, announced today that it helped Ferrovial Airports close on 欧博娱乐 $1.8 billion financing phase of a major terminal redevelopment project at Denver International Airport (DIA). Once built, 欧博娱乐 “Great Hall Project” will house one of 欧博娱乐 largest dedicated commercial and retail spaces in a U.S. airport.
For over two years, ICF has served as technical advisor to Ferrovial in its bid to expand, redesign and redevelop DIA’s Jeppeson Terminal. The project involves rebuilding 欧博娱乐 entire terminal, relocating 欧博娱乐 security screening area to improve passenger flow and creating an expansive hall that houses retail locations.
“The Great Hall Project has been highly complex from 欧博娱乐 bidding phase through financial close,” said Ismael Ordonez, project director for Ferrovial Airports. “Throughout 欧博娱乐 2 ½ year journey, ICF has supported us with expert technical advice in 欧博娱乐 preparation of 欧博娱乐 key elements of 欧博娱乐 business plan and has contributed to 欧博娱乐 success of 欧博娱乐 project each step along 欧博娱乐 way.”
ICF has supported Ferrovial in each phase of 欧博娱乐 proposed deal. This includes developing 欧博娱乐 commercial inputs used to develop Ferrovial’s winning bid, creating 欧博娱乐 business plan used to negotiate 欧博娱乐 commercial agreement with 欧博娱乐 airport, and providing a technical report used to obtain financing.
“The Ferrovial deal is a first-of-its-kind transaction at a U.S. airport,” said Eliot Lees, vice president for ICF. “One of 欧博娱乐 world-leading consultants in airport privatization, we are proud that we were able to bring ICF’s extensive global experience in airport transaction advisory to support our client’s bid and financial positioning. We congratulate Ferrovial for being one of 欧博娱乐 first to complete such a groundbreaking deal in a U.S. airport.”
In addition to 欧博娱乐 redesign, Ferrovial will serve as 欧博娱乐 commercial operator for 欧博娱乐 upgraded terminal upon its completion. ICF projects that this airside shopping mall, remote from 欧博娱乐 concourses, will have revenue performance unlike any o欧博娱乐r airport in 欧博娱乐 U.S.
For over 30 years, ICF has provided transaction advisory services to 欧博娱乐 majority of 欧博娱乐 world’s largest airport privatization deals. With unmatched insight into carriers' business strategies, ICF is 欧博娱乐 go-to firm for helping airport executives strategically envision 欧博娱乐 future, optimize business opportunities and realize value. Read more about ICF’s aviation consulting and airport advisory services.