U.S. Department of Transportation has announced that it will provide a USD 874 million loan to Purple Line Transit Partners, LLC, for implementation of the Maryland Purple Line. The Transportation Infrastructure Finance and Innovation Act (TIFIA) will will support the construction of the light rail line connecting Montgomery and Prince George’s Counties (Maryland).
The Maryland Purple Line project involves the construction of a 26 km line with 21 stations that will connect numerous communities in Maryland, from Bethesda in Montgomery County to New Carrollton in Prince George’s County.
The Maryland Department of Transportation (MDOT) is the owner of the project and its selected private partner, Purple Line Transit Partners, will implement the project on a design-build-finance-operate-maintain basis. The Purple Line project was procured as a public-private partnership under a concession agreement that was executed in April 2016, and expires approximately 30 years after substantial completion, which is anticipated in March 2022.
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