In Case You Missed It:
ICYMI – Conrac Solutions Featured in Airport Magazine: The Consolidated Rental Car Facility (ConRAC) at Newark Liberty International Airport (EWR), has been featured in the October/November Issue of Airport Magazine. Titled, “Innovation in Airport Landside Financing” this case study highlights Conrac Solutions’ innovative approach and expertise in developing, operating, and financing ConRACs.
ICYMI: The Newark Liberty International Airport (EWR) Consolidated Rent-a-Car Facility (ConRAC) has been named Airport Deal of the Year in IJGlobal’s Awards 2019 for the Americas. This $500 million project was led by Conrac Solutions Capital in partnership with Related Fund Management and Fengate Asset Management and made possible by the Port Authority of New York and New Jersey and the rent-a-car industry.
The consolidated rent-a-car facility at Newark Liberty International Airport (EWR) was awarded “North America Public-Private Partnership Deal of the Year” at the Proximo Americas Deals of the Year 2019 virtual awards ceremony on May 27, 2020. Thank you to Related Fund Management, Fengate Asset Management, as well as The Port Authority of New York and New Jersey and the rent-a-car industry for bringing this project to fruition.
In appreciation of the accomplishments of 2019, we would like to take a moment to reflect and say thank you to our partners, clients, and most importantly, our employees. Looking forward to 2020 and a positive and successful future for many years to come.
Project Finance International Recognizes New Model of Private Financing for ConRAC Facilities as: P3 Deal of the Year for the Americas
Consortium of Project Partners and Rent-A-Car Companies to Add up to $350 Million to Local Economy