Cofiroute, S.A. (France) was part of California Private Transportation Company (CPTC), which was formed in order to finance, develop and operate the first all-electronic toll facility in the world: the 91 Express Lanes in Southern California. When the 91 Express Lanes were sold to the Orange County Transportation Authority (OCTA), Cofiroute, S.A. continued as its operator and from this, Cofiroute USA was formed. Cofiroute USA has since expanded its operations to consultations on toll road development throughout the United States.
In 1989, California passed legislation (Assembly Bill 680) limiting the number of toll facilities to be developed by means of public-private partnerships. The California Private Transportation Company (CPTC), including Cofiroute, was formed in order to finance, develop and operate the 91 Express Lanes. CPTC entered into a 35-year franchise agreement with the California Department of Transportation (Caltrans) specifically for those purposes. From its beginning, the 91 Express Lanes, proved to be extremely successful. In 2002 the franchise rights to the 91 Express Lanes were sold from CPTC to OCTA for strategic business purposes. Cofiroute has since continued operating the 91 Express Lanes’ under a contract with OCTA, which was recently extended 10 years.
After its success with the 91 Express Lanes, Cofiroute began expanding its business within North America. Cofiroute USA was formed as a wholly-owned subsidiary of Cofiroute, S.A. In late 2002, Cofiroute USA found immediate success in Minnesota when it joined a consortium consisting of Wilbur Smith Associates, Raytheon, SRF Consulting and Frank Wilson & Associates for the purpose of bidding on the I-394 HOV Lane conversion in Minneapolis. The team was awarded the contract in December 2003 and the first conversion of a High Occupancy Vehicle (HOV) Lane to a High Occupancy Toll (HOT) facility was completed and opened in May 2005.
After a successful rebid of its operating contracts in California and in Minnesota, along with the addition of another 16-mile segment of HOT Lanes in Minneapolis, Cofiroute USA is proud to offer its expertise in lane design, installation and management to industry clients throughout the world.
Its parent, Cofiroute S.A. was founded in 1970 and is the largest private toll road concessionaire in France. With over 750 miles of freeway, 55 toll plazas and 600 toll lanes in operation, the company stands out for its originality and efficiency. Cofiroute S.A. is a part of the VINCI Group, a publicly-held French company with annual revenues of more than $45 billion in 2010, with 190,000 employees in over 100 countries.