BRIEF-KIP Closes Utility Plant Financing, Names Walsh-Turner JV As Design-Builder

June 12 (Reuters) - Turner Construction Company:

  • SAID ON THURSDAY, KENTUCKY INFRASTRUCTURE PARTNERS (KIP) REACHES FINANCIAL CLOSE ON UNIVERSITY OF KENTUCKY UTILITY PLANT PROJECT

  • WALSH-TURNER JOINT VENTURE SELECTED AS DESIGN-BUILDER

  • PROJECT INVESTMENT TOTALS ABOUT $580 MILLION

  • CONSTRUCTION EXPECTED TO TAKE 35 MONTHS, COMPLETION TARGETED FOR 2029

  • KIP TO OPERATE FACILITY FOR ABOUT 30 YEARS POST-COMPLETION

  • PROJECT INCLUDES NEW UTILITY PLANT, CAMPUS UPGRADES, BACKUP POWER INFRASTRUCTURE


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