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Shikun & Binui USA, a member of Red River Valley Alliance, LLC (RRVA), Reaches Financial Close on the Fargo-Moorhead Metropolitan Area Flood Risk Management Project

Shikun & Binui USA, a member of RRVA, (through its US construction subsidiary, Shikun & Binui America, Inc. and its US concessions and investment subsidiary, Shikun & Binui Concessions USA, Inc.), has reached financial close, with the Metro Flood Diversion Authority (MFDA) for the implementation of the Fargo-Moorhead Metropolitan Area Flood Risk Management Project under a public-private partnership (P3) valued at approximately $1.5 billion (including CAPEX, financing and development costs). RRVA was awarded the P3 (DBFOM, availability payments based) portion of the project on June 18, 2021 and reached financial close on October 13, 2021.

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