Does the state retain ownership of the freeway?

Yes. The state retains ownership of the SMF, and C202P is granted a non-exclusive license (not ownership) for 30 years to access and use the freeway and its structures to carry out operations and maintenance. C202P must return to the state a freeway in excellent condition at the end of the maintenance period in 2050. Although C202P must maintain the freeway, ADOT can make improvements, if warranted, at its own cost. Like other state freeway projects, improvements would need to be identified in the Five-Year Transportation Facilities Construction Program and approved by the State Transportation Board.