Conrac Solutions, consolidated rent-a-car (ConRAC) facility developer, operator and financier, today announced that Michael J. Minerva, has been appointed as CEO, effective Jan. 1, 2022.

2020 was quite the year, and "change" must be one of the best words to describe it. Conrac Solutions’ strength is our experienced, dedicated employees and our desire to help clients achieve their objectives today and recognize future opportunities. Click here to view the full 2020 Year in Review.

The Newark Liberty International Airport Consolidated Rent-A-Car Facility project has been awarded Best Financial Structure at the P3 Awards 2020. Financing for the $500 million project was led by Conrac Solutions Capital in partnership with Related Fund Management and Fengate Asset Management. Award judges noted the project as a “significant development in the procurement model for domestic P3 infrastructure projects.”

Conrac Solutions, has announced a partnership with independent infrastructure investment group, iCON Infrastructure, including equity financing for future private delivery and re-financings of ConRAC facilities over the next five years.

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.