Programs

About HPTE

HPTE's Mission

  • Partner with CDOT, private industry, and local communities.
  • Aggressively pursue innovative financing alternatives not otherwise available to the state.
  • Quickly deliver transportation infrastructure options that improve mobility.
  • Communicate openly with all stakeholders.

The High-Performance Transportation Enterprise (HPTE) was formed in 2009 to aggressively pursue innovative means of more efficiently financing important surface transportation infrastructure projects.

Since the creation of the Enterprise, nine out of 10 HPTE projects have used some form of innovative financing. Such innovative means of financing projects include, but are not limited to:

  • public-private partnerships;
  • operating concession agreements;
  • user fee-based project financing; and
  • availability payment and design-build contracting.

Through Express Lanes, HPTE has helped deliver more than $3 billion in projects in the last five years. In fact, without Express Lanes as a financing tool, Colorado would have had to find an additional $1.27 billion in funds to deliver the projects it delivered as of 2018.

As Colorado faces the realities of aging infrastructure, rapid population growth and budgetary shortfalls, HPTE is a key means of exploring and developing innovative ways to address these challenges. Consider this:

 In many areas of Colorado's highway system, the infrastructure is more than 50 years old, and in need of repairs and maintenance.

 From 2016 to 2017, Colorado's population grew by 1.4%, or about 75,000 new residents per year.

 In 2017, Colorado's growth rate was the eighth highest in the nation—placing enormous pressure on the state's aging transportation infrastructure.

 Aggressively seek out opportunities for innovative and efficient means of financing and delivering important surface transportation infrastructure projects in the state.

 Impose tolls and other user fees, to issue bonds, and to enter into contracts with public and private entities to facilitate Public-Private Partnerships (P3s).

 Act as an "enterprise"—for purposes of Section 20 of Article X of the State Constitution—as long as it retains the authority to issue revenue bonds, and receives less than 10 percent of its total revenues in grants from state and local governments.

 Operate as a government-owned business within CDOT, but remain overseen by a separate board of directors that includes external stakeholders from four geographic regions appointed by Colorado's governor.

HPTE revenues come from user fees and issued revenue bonds. The HPTE may borrow funds from the Transportation Commission, and it may only spend collected revenues on the project for which they were collected, or for a project that is integrated with the one in question.

Board Member

Region

Term Expiration

Don Marostica, Chair

NFRMPO Planning Area October 2019

Shannon Gifford, Vice-Chair

Transporation Commission At Commission's will

Kathy Gilliland

Transporation Commission At Commission's will

Margaret Bowes

I-70 Mountain Corridor October 2019

Rocky Scott

Transporation Commission At Commission's will

Anastasia Khokhryakova

DRCOG Planning Area October 2021

Travis Easton

Pikes Peak Area COG Planning Area October 2021
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 Helped secure $130 million in federal grant dollars.

 Directly attracted $125 million in private investment.

 Leveraged more than $1 billion of bond proceeds and other loans to contribute to projects in the state's most congested regions.




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