Five month extension for Maryland Light Rail P3

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Five month extension for Maryland Light Rail P3

This article is part of a daily series of MegaProjects articles. If you want to know more about PPP projects with a considerable size visit our MegaProjects section. You can receive them by email on a daily basis.

The Maryland Transit Administration has extended the deadline to submit bids for the Light Rail (Purple Line) P3 project.

In mid December the deadline was extended from 9 January to 12 March. The four shortlisted consortia have now received a further five-month extension, until mid August, to submit their proposals.

Two weeks ago we reported that Maryland's new governor Larry Hogan had plans to include some funding for the project in the state's budget. This delay could jeopardize this federal funding that is necessary for the project.

In early January 2014 four teams were shortlisted and later in late July the Maryland Department of Transportation together with the Maryland Transit Administration launched the RFP for the project. The four shortlisted teams for the project are the following:

The Purple Line project is a 16-mile light rail line that would run east-west inside the Capital Beltway between Bethesda in Montgomery County and New Carrollton in Prince George's County with 21 stations planned that would provide direct connections to Metrorail's Orange Line, Green Line and two branches of the Red Line, and the MARC Brunswick, Camden and Penn Lines.

The preferred bidder would be responsible for the design, build, finance, operate and maintenance (DBFOM) of the new line for a period of 35 years. The project also involves the equip and supply light rail vehicles.

The total project investment is estimated at US$2.4 billion and according to sources, the state would provide between US$300 and US$700 million. According to sources, the winning consortium is expected to contribute between US$500 million to US$900 million of the total project investment.

This month we have reported about several PPP projects in USA:

List of country news

Country news

  • February 25, 2015

    Another delay for LaGuardia airport P3

    John Degnan, the authority's chairman, stated: Read more
  • February 25, 2015

    Kentucky introduces legislation for highway P3s

    Kentucky's House Budget Committee has approved a bill authorizing public private partnerships (P3s) for highway and bridge projects. Read more
  • February 26, 2015

    I Squared Capital invests in ten run-of-the-river power plants in the U.S. Mid-Atlantic States

    Cube Hydro Partners, LLC, a subsidiary of I Squared Capital, has acquired a 100% ownership interest in ten US run-of-the-river hydro facilities from Harbor Hydro, LLC, a portfolio company of LS Power Equity Advisors. Read more
  • February 26, 2015

    Carlyle raises $365m for second Power fund

    Carlyle Group, a global alternative asset manager with US$203 billion of assets under management, has raised up to US$365 million for its second Power Partners fund. Read more
  • February 27, 2015

    Macquarie Infrastructure Company promotes Richard Courtney to CEO

    Macquarie Infrastructure Company has promoted Richard D. Courtney, who is president and chief operating officer of its International-Matex Tank Terminals (IMTT) subsidiary, to the role of chief executive officer (CEO). Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.