The Purple Line Transit Partners consortium has been selected by the Maryland Department of Transportation (MDOT) as preferred bidder for the Purple Line light rail transit public-private partnership (PPP) project. The consortium includes majority equity holder Meridiam, Fluor Enterprises, Inc. and Star America.
Meridiam, a leading global investor and asset manager specializing in public and community infrastructure, will be a 70% equity provider, with Fluor Enterprises, Inc. and Star America each providing 15% of the equity. Fluor Construction, Lane, and Traylor Brothers have formed a construction joint venture to build the project. Fluor, Alternate Concepts, Inc., and CAF USA have formed an operations and maintenance joint venture with CAF USA providing the light rail vehicles for the project.
The $2 billion Purple Line Project requires the concessionaire to finance, develop, design, construct, equip and supply light rail vehicles for, and operate and maintain a 16.2 mile light rail transit line that extends from Bethesda to New Carrollton, and extends east-west inside the Capital Beltway within the Maryland suburbs north of Washington, DC.
The new transit line will provide direct connections to four branches of the Washington Metropolitan Metrorail system, as well as connections to three Regional Commuter rail lines plus Amtrak’s Northeast Corridor. There will be 21 permanent stations servicing residents and commuters in the areas.
Source: Meridiam
Photo: Meridiam
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