We’d like to extend our congratulations to Plenary Properties Merced (PPM) who have recently been named as the preferred proponent for the USD $1bn University of California Merced Campus Extension.
This four-year DBFOM project will nearly double the physical capacity of the campus by 2020. The planned expansion of the UC Merced campus is intended to support projected growth in student enrollment from 6,200 to 10,000. It involves the comprehensive development of academic, administrative, research, recreational, student residence and student services buildings, utilities and infrastructure, outdoor recreation and open space areas; and associated roadways, parking and landscaping. The project also signals the continued adoption of the P3 model for vertical infrastructure projects in the U.S. market.
BTY provided technical due diligence through the bid stage of the project, and looks forward to the opportunity of continuing our work with PPM on the Financial Close Due Diligence.