Full-scale construction on Maryland’s Purple Line light rail transit system is on track to ramp up later this spring and summer, following completion of a new financial package by Purple Line Transit Partners, (PLTP), the private consortium overseeing the project for the Maryland Transit Administration.
Meridiam, which holds a majority stake in PLTP, announced on April 14 that it had secured total investments of more than $2.5 billion to support its design-build contract with Maryland Transit Solutions (MTS), a joint venture led by the U.S. subsidiaries of Dragados and OHL selected last November to take over the 16.3-mile project.