Denver city council is reviewing a $1.8 billion 15,000 page contract which spells out plans for a four year renovation plan of the DIA terminal along with 30 years of management. The partner (Madrid-based Ferrovial Airports) would oversee the renovation and concession spaces for the following 34 years.
The actual cost of renovation would be about $650 million. The rest of the costs would be distributed over the next 34 years for maintenance and management of concession spaces.
The project is being scrutinized: Critics have raised concerns over the upgrade of the 22-year old Jeppessen Terminal, and a 34 year single contract to be signed with a private partner (which could prevent future growth and competitive bids at DIA).
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The goal of the terminal upgrade is to increase capacity as the airport nears 60 million passengers per year.