Red River Valley Alliance

Name

Red River Valley Alliance

Legal name

Red River Valley Alliance

Website

https://rrvafm.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Flood Protection Infrastructure

NAICS

Water and Sewer Line and Related Structures Construction (23711), Highway, Street, and Bridge Construction (23731)

SIC

Water, Sewer, Pipeline, Comm & Power Line Construction (1623), Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro primary industry

Stormwater & Drainage Infrastructure Construction (Sewer, Detention, Outfalls) (IMAFAGAF)

akta.pro secondary industry

Culverts, Bridges & Cross-Drainage Structures (Hydraulic Capacity & Rehabilitation) (EUANAEAC)

Keywords

• Flood diversion infrastructure
• Public-private partnerships
• Stormwater management
• Civil infrastructure construction
• Water management services

Headquarters

HQ city

Fargo

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Availability Payments from MFDA: RRVA was formed by ACCIONA, Shikun & Binui USA, and North American Construction Group to develop, design, construct, operate, and maintain the stormwater diversion channel portion of the Fargo-Moorhead Area Diversion project for 30 years. Once substantial completion is achieved (spring 2027), MFDA will make regular availability payments to the consortium. The P3 delivery model enabled completion for $330 million less and 10 years earlier than traditional design-bid-build.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Red River Valley Alliance develops, designs, constructs, operates, and maintains the Fargo-Moorhead Area Diversion project under a 30-year public-private partnership. The core deliverable is a 30-mile stormwater diversion channel with associated infrastructure including bridges, river aqueducts, drainage inlets, and control structures to provide permanent flood protection for the Fargo-Moorhead-West Fargo metropolitan area. Construction is performed by ASN Constructors with substantial completion expected in spring 2027, after which MFDA will make availability payments to RRVA.

Product overview

Red River Valley Alliance (RRVA) is a public-private partnership responsible for developing, designing, constructing, operating and maintaining the Fargo-Moorhead Area Diversion project. The company's primary offering is the Stormwater Diversion Channel and Associated Infrastructure (SWDCAI) — a single integrated infrastructure system comprising a 30-mile stormwater diversion channel, diversion outlet, two river aqueducts (Maple and Sheyenne Rivers), 19 road and rail bridges, 14 drainage inlets, and 100 utility relocations. RRVA operates under a 30-year contract for operation and maintenance after construction completion. This is not a software product company but rather an infrastructure construction and management consortium.

Differentiator

Problem solved

Functional benefit

Products and services

• Stormwater Diversion Channel and Associated Infrastructure (SWDCAI) A 30-mile stormwater diversion channel (20 feet deep and up to 300 feet across) with associated infrastructure including 19 road and rail bridges, two river aqueducts (Maple and Sheyenne Rivers), 14 drainage inlets, diversion outlet, and 100 utility relocations. Designed to provide permanent flood protection for the Fargo-Moorhead-West Fargo metropolitan area under a 30-year design-build-finance-operate-maintain P3 contract for the Metro Flood Diversion Authority.
• 30-Year Operations and Maintenance Services Long-term operations and maintenance of the stormwater diversion channel and associated infrastructure delivered under a 30-year P3 contract with the Metro Flood Diversion Authority. Service scope covers the diversion channel, 19 road and rail bridges, two river aqueducts, drainage inlets, and control structures once they reach substantial completion in spring 2027.

Quantifiable outcome

• Saves $40 million in flood insurance premiums annually for homeowners and businesses in the protected area.
• +3 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• BNSF RailwaycoreImplementation/ SI/ Consulting Partner · 1 January 2024BNSF Railway partnered with RRVA/ASN Constructors for the construction of railroad bridges over the diversion channel. BNSF constructed the track and will own and maintain the railroad bridges. Three railroad bridges were built across the diversion channel on the Prosper and KO subdivision lines. BNSF trains began traversing the new bridges starting October 2025.
• ASN ConstructorscoreStrategic or Co-development Partner · 1 January 2021ASN Constructors is RRVA's construction arm — a joint venture formed specifically for this project. ASN Constructors began work on the $1.5 billion diversion channel in August 2022 and plans to complete it by October 2026. ASN has invested over $80 million in equipment purchased locally, and handles all construction activities including excavation, bridge construction, and roadway work. ASN Constructors handles subcontractor procurement and job opportunities.
• Metro Flood Diversion AuthoritycoreStrategic or Co-development Partner · 1 January 2021MFDA is the public partner in the P3 and retains ownership of the stormwater diversion channel. MFDA members include Clay County (MN), Cass County (ND), Fargo (ND), Moorhead (MN), and the Cass County Joint Water Resource District. MFDA will make regular availability payments to RRVA upon completion. The project is the first P3 for USACE and the first water management P3 in North America.
• U.S. Army Corps of Engineers (USACE)coreStrategic or Co-development PartnerUSACE St. Paul District oversees the Southern Embankment portion of the project (20-mile-long, 20-foot-high earthen dam with three water control structures). USACE accepted this work due to private sector risk and liability concerns. The project is the first USACE P3 and a pilot under USACE's Revolutionize USACE Civil Works initiative.
• ACCIONAcoreStrategic or Co-development PartnerOne of three lead members of the public-private partnership that formed RRVA. ACCIONA is an international entity with P3 experience, providing development and financing expertise for the project.
• Shikun & Binui USAcoreStrategic or Co-development PartnerOne of three lead members of the public-private partnership that formed RRVA. Shikun & Binui USA brings international P3 and construction expertise to the consortium.
• North American Construction GroupcoreStrategic or Co-development PartnerOne of three lead members of the public-private partnership that formed RRVA. North American Construction Group provides construction and infrastructure expertise as part of the consortium.
• River KeepersminorOthersRiver Keepers is a local nonprofit organization that runs the annual Reforest the Red tree planting event. RRVA sponsored and participated in this event in September 2025, planting thousands of trees and shrubs along the Red River in south Fargo to improve riparian zones.

Scale indicators12 records

Recent moves7 records

Expansion highlights3 records

Direct peers

• Plenary Group: Plenary is a North American P3 developer/operator with concessions across transport, health, and water infrastructure. It is directly comparable to RRVA as a specialized social infrastructure P3 sponsor pursuing similar availability-payment structures.
• ACCIONA Infrastructure: ACCIONA is one of the three consortium parents that formed RRVA and provides P3 development and financing expertise. It is directly comparable as a co-developer of the same FM Area Diversion project and as a global water infrastructure P3 operator.
• North American Construction Group: NACG is the second consortium parent of RRVA and provides heavy civil construction expertise on the project via ASN Constructors. It is directly comparable as the executing contractor on the same $1.5B stormwater diversion channel.
• Shikun & Binui USA: Shikun & Binui USA is the third consortium parent of RRVA, contributing international P3 and construction expertise. It is directly comparable as co-developer and co-equity holder in the same Fargo-Moorhead P3.

Broad incumbents

• Cintra (Ferrovial): Cintra is one of the world's largest privately developed transportation P3 operators, managing dozens of toll-road and infrastructure concessions. It is broadly comparable as a long-tenure concession operator monetizing public infrastructure via availability/user payments, though focused on highways rather than flood diversion.
• Brookfield Infrastructure Partners: Brookfield Infrastructure owns and operates utility, transport, and water infrastructure assets globally. It is broadly comparable as an institutional holder of long-duration infrastructure cash flows analogous to RRVA's 30-year availability payments.
• Granite Construction Incorporated: Granite is a major US heavy civil contractor with significant transportation and water infrastructure experience, including P3 joint ventures. It is broadly comparable as a US-based competitor executing large publicly financed civil works projects of similar dollar value to the RRVA channel.
• Fluor Corporation: Fluor is one of the largest global engineering, procurement, construction, and project management firms, active in US water and federal infrastructure markets. It is broadly comparable as a competitor for large federal/municipal P3 EPC contracts, including via its Star America P3 unit.
• Macquarie Asset Management (Infrastructure): Macquarie is the world's largest infrastructure investor, providing equity and asset management for P3 concessions including water and transport assets. It is broadly comparable as a long-term institutional investor/operator of availability-payment infrastructure assets similar to the RRVA channel.
• ACS Group / Iridium: ACS Group, through Iridium and other concession subsidiaries, is a global P3 infrastructure developer with large equity stakes in transport and water concessions. It is broadly comparable to RRVA as a multinational P3 co-developer competing for similar USACE-style mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/red-river-valley-alliance

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Red River Valley Alliance