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Fluor-Led Joint Venture Breaks Ground on Maryland Purple Line
Full Funding Grant Agreement Signed
Public Company Information:
.@FluorCorp-led joint venture breaks ground on Maryland Purple Line #purpleline @purplelinenowTweet this
IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that the Purple Line Transit Partners joint venture team, comprised of Fluor, Meridiam Infrastructure Purple Line, LLC, and Star America Purple Line, LLC, broke ground on the Purple Line Light Rail project for the Maryland Department of Transportation (MDOT) and the Maryland Transit Administration (MTA).
The groundbreaking was capped off with the signing of the U.S. Department of Transportation Federal Transit Administration’s (FTA) Full Funding Grant Agreement (FFGA) of $900 million from its Capital Investment Grant Program. Receiving the FFGA advances a 16-mile new transit option for Maryland residents in one of the most highly congested corridors in the nation.
“Fluor is honored to break ground today on the second transit public-private partnership project in the U.S.,” said Hans Dekker, president of Fluor’s infrastructure business line. “We bring robust megaproject experience and industry-leading abilities to successfully design, build, finance and manage complex projects. Fluor and our partners are currently operating the Denver Eagle P3 commuter rail project, the only other transit P3 in the country and we look forward to building on its success to deliver the Purple Line.”
Fluor is participating in the entire 36-year life cycle of the $5.6 billion project. Fluor is the managing partner of the design-build team, Purple Line Transit Constructors, comprised of Fluor Enterprises Inc., The Lane Construction Corporation and Traylor Bros., Inc. Following the construction, Purple Line Transit Operators, a Fluor-led team comprising Fluor Enterprises, Inc., Alternate Concepts, Inc., and CAF USA, Inc., will provide 30 years of operations and maintenance services.
Located in the Washington Metropolitan Region, the project includes 21 stations along a 16-mile alignment extending from Bethesda, Maryland, in Montgomery County to New Carrollton, Maryland, in Prince George’s County. This new line will provide connections to several existing transit providers and improve mobility to major economic and job centers, as well as the University of Maryland in College Park. Passenger service is scheduled to begin in early 2022.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that designs, builds and maintains capital-efficient facilities for its clients on six continents. For more than a century, Fluor has served its clients by delivering innovative and integrated solutions across the globe. With headquarters in Irving, Texas, Fluor ranks 149 on the Fortune 500 list with revenue of $19 billion in 2016 and has more than 60,000 employees worldwide. For more information, please visit www.fluor.com or follow Fluor on social media at Facebook, Twitter, LinkedIn and YouTube.
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