The Maryland Department of Transportation (MDOT) in the US has selected Purple Line Transit Partners as a preferred bidder for the $2bn Purple Line public-private partnership (PPP) project.
Purple Line Transit Partners is a consortium comprised of Fluor Enterprises, Meridiam Infrastructure and Star America.
Tendered by MDOT and the Maryland Transit Administration (MTA), the project requires the concessionaire to finance, develop, design, build, operate and maintain the line.
The project includes the construction of 21 stations along the 16.2-mile-long transit system in Montgomery and Prince George’s counties connecting five major activity centres, including Bethesda, Silver Spring, Takoma / Langley Park, College Park and New Carrollton.
For the project, Meridiam will be a 70% equity provider, with Fluor Enterprises and Star America each providing 15% of the equity.
Meridiam North America chairman Jane Garvey said: "Our team is excited about being part of such a transformative project that will bring strong tangible benefits, such as tremendous increased fluidity to the community and the metropolitan region at large."
Fluor Construction, Lane Construction and Traylor Brothers formed a construction joint venture (JV) to build the project. Design and construction of the project is scheduled to begin later this year with passenger service expected to start in early 2022.
On completion of the project, Purple Line Transit Operators, a Fluor-led team comprising Alternate Concepts and CAF USA, will be responsible for providing 30 years of operations and maintenance services.
Once complete, the new line will provide direct links to four branches of the Washington Metropolitan Metrorail system, as well as connections to three regional commuter rail lines, as well as Amtrak’s Northeast Corridor.