Purple Line Transit Partners comprises Meridiam as a 70% equity provider, with Fluor Enterprises and Star America each providing 15% of the equity. Meridiam is an investor and asset manager specialising in public and community infrastructure. Fluor Construction has formed a construction joint venture to build the line with Lane and Traylor Brothers, while Fluor, Alternate Concepts, and CAF USA have formed an operations and maintenance joint venture with CAF supplying the vehicles.
Commercial close for the PPP deal is expected during the first quarter of this year with financial close following in the second quarter. The concessionaire is required to finance, develop, design, construct and equip the line, supply LRVs, and operate and maintain it.
The 26km east-west Purple Line will run from Bethesda to New Carrollton serving suburbs inside the Capital Beltway north of Washington DC. The line will connect four branches of the Washington Metro, three commuter rail lines, plus Amtrak's Northeast Corridor, and will have 21 stations. The line will have a mixture of dedicated rights-of-way and street running.