Financial Close for Calcasieu River Bridge Project

The replacement of the Calcasieu River Bridge is finally underway. In August, the Louisiana Department of Transportation and Development (DOTD) announced that its concessionaire for the bridge replacement P3, Calcasieu Bridge Partners (CBP), reached financial close on the $2.3 billion project.

The successful financing is a win for the state and a rare recovery for a public-private partnership that almost didn’t happen. The project was actually cancelled just before commercial close late last year, when a key committee in the state legislature revoked its approval of the project. A revised version of the project was resurrected earlier this year after negotiations with Governor Jeff Landry’s new administration.

CBP is led by Plenary Americas (40%), Sacyr Infrastructure (30%), and Acciona Concesiones (30%). The design-build contractor is a joint venture between Acciona and Sacyr. The project design team includes Huval & Associates, Arcadis, Janssen & Spaans Engineering, and Modjeski & Masters.

“Since I took office in January, my administration has remained committed to getting this critical project off the ground. Reaching the Notice to Proceed is proof of that dedication to the people of Louisiana, as well as our continued drive to improve and modernize Louisiana’s infrastructure,” said Governor Jeff Landry.

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