ASTM and SIAS Holdings (Gavio Group) Announces New Concessions Company “Itinera Infrastructure & Concessions” (IIC) and P3 Team of Executives
Kate Speir, Senior Bid Director joins the executive team of “Itinera Infrastructure & Concessions” (IIC), a fully integrated global development company launched last month by ASTM and SIAS – the Gavio Group’s industrial holdings operating worldwide in the design, construction and management of major infrastructural projects - to pursue major transportation P3s across North America together with its civil construction arm Halmar International.
With over 20 years of P3 industry experience, Kate has led and been involved with the successful execution of billions of dollars’ worth of landmark P3 projects across North America, including the most recent $4.9bn LAX Automated People Mover (APM) in California. She also led several bids for award winning P3 projects such as the San Francisco’s Presidio Parkway, Northwest Anthony Henday Drive, and North East Stoney Trail, in California and Alberta, Canada respectively. She joins the Group after 10 years with HOCHTIEF PPP Solutions North America, an affiliate of Turner Construction, and Flatiron Construction companies.
“As one largest and most seasoned concession companies in the world, ASTM and SIAS are very excited to announce the launch of Itinera Infrastructure & Concessions and its team of executives in New York. The vision is simple, we are bringing cutting-edge innovation, a fresh approach, and a good attitude to every single project we pursue,” said Chris Larsen, CEO of IIC and Halmar International. Halmar International is a principal part of leading this vision. “We are a fully cohesive and strategic Group aiming to raise the bar in this market. We love complex stuff, it’s what we do well!”
In 2017, Melanie Vander Valk signed on to prime, position, and pursue the Group’s vision for stepping into this market. She has 17 years’ experience developing major multi-billion-dollar infrastructure projects, growing global companies into this sector, and advising several nations on successfully approaching innovative project delivery. She brings a unique and tactical lens to the Group and serves as Vice President of Business Development.
Last year, the P3 team began to take shape with Craig Covil, P.E., who joined as Chief Development Officer for the Group with 31 years of experience, 25 with Arup and six with The Hong Kong Airport Authority, delivering award-winning and noteworthy large- scale infrastructure projects across the globe. Most recently, he led the $1.4bn Fulton Center and Phase 1 of the $4.5bn Second Avenue Subway in New York.
Also joining; Evan Levine as Vice President of Project Finance after 16 years in U.S. Transportation & Infrastructure finance as an investment banker for Wells Fargo, Morgan Stanley, Citigroup and JPMorgan. During this time, he arranged and originated landmark project financings across the U.S. such as the North Texas Tollway Authority’s SH 161, the City of Chesapeake, Virginia’s Dominion Boulevard Bridge Project as well as leading and structuring landmark “public-public” partnerships for toll road, highway, bridge and transit projects in Pennsylvania, Ohio, Virginia and Texas. And Daniel Melo, who brings more than 20 years’ experience spanning 4 continents and $6bn in P3 bids, most recently in Peru, joins as Vice President of Investment.
About ASTM and SIAS (Gavio Group)
ASTM and SIAS are the Gavio Group industrial holdings, listed on the Italian Stock Exchange, operating as a global developer providing all aspects of design, construction, finance, operation and maintenance, and technological innovation for large complex congested P3 projects.
ASTM and SIAS Group, together with its Brazilian subsidiary Ecorodovias, has 21 concessions globally and represents the fourth largest tolling concessionaire in the world by road miles and one of the few, globally, which has succeeded in handing-back a number of completed concessions to the owner.
The Group manages over 4000 km worldwide, in Italy, Brazil, and the United Kingdom
In 2017, the Group implemented its USA market entry with Itinera SpA, its civil construction arm, and bought 50% of Halmar International – a US-based civil construction company and began a major growth strategy in North America for Design Builds and P3s.
In 2018, Ardian, a world-leading investment house with asset of US$ 90bn under management, signed an agreement to invest into Gavio’s holding company New Argo (40%), bolstering its competitive position globally and across North America.