Maryland Seeks Private Investor for Transformative Transit Project

Flush with revenue from higher gas taxes, Maryland is moving ahead with plans for a 16-mile light rail line connecting the state's dense D.C. suburbs. It's seeking a private partner to help it construct and operate the planned Purple Line.

"Maryland will seek a private company to build and operate a planned $2.2 billion light-rail Purple Line, marking the first time the state has used such financing on a public transit project," reports John Wagner. "With the Purple Line, Maryland is seeking a single private partner to design, construct, operate and maintain the project. In return, the state plans to offer annual payments throughout a 30- to 40-year contract period. Deductions would be made from the payments if the operator falls short on standards such as on-time performance, cleanliness and customer service, according to transportation officials."

"Maryland officials are counting on the federal government to cover about $900 million of the project’s construction cost and will look for contributions from local governments and the private sector as well, said Erin Henson, a spokeswoman for the Department of Transportation. Construction could begin as early as 2015."

"Maryland and other states increasingly are turning to public-private partnerships to create more flexibility in financing and construction of large-scale projects at a time when government resources are limited," adds Wagner.


Full Story: Maryland to seek private firm for Purple Line project

Comments

Prepare for the AICP* Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
AICP CTP Storefont Display

The first online AICP* CTP exam prep class

Are you ready to take the AICP* Certified Transportation Planner exam?
Priced at $245 for May exam!
T-shirt with map of Chicago

Show your city pride

Men's Ultrasoft CityFabric© tees. Six cities available.
$23.00
Wood necklace with city map

City Necklaces

These sweet pendants are engraved on a cedar charm with a mini map of selected cities. The perfect gift for friends and family or yourself!
$28.00