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Tikehau Star Infra consortium wins US Virgin Islands Airports PPP job

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A consortium led by Tikehau Capital’s North American infrastructure asset management arm has been selected to redevelop US Virgin Islands airports in a public-private partnership deal.

The VIports Partners consortium which includes Aecon, Consigli Benton Joint Venture (J Benton Construction)) and Avports, has been chosen by the US Virgin Islands Port Authority (VIPA) to design, build, finance, operate and maintain the Cyril E King Airport in St Thomas and the Henry E Rohlsen Airport in St Croix.

Tikehau Star Infra will hold a 50% equity interest in the 40-year concession with Aecon Concessions also holding 50% of the equity. Aecon and a local partner J Benton Construction will each have a 50% interest in the design-build joint venture. Avports will serve as the operations and maintenance partner.

Christophe Petit, president of Tikehau Star Infra, said: “We are excited to partner with VIPA on this landmark project. Public-private partnerships are core to our mission, and we look forward to contributing positively to the development of the US Virgin Islands.”

To read the latest IPE Real Assets magazine click here.

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