Eagle P3 Project
Eagle P3 is a public-private partnership comprised of RTD's University of Colorado A Line, Gold (G) Line, Commuter Rail Maintenance Facility and Northwest Rail (B) Line Westminster segment.
The University of Colorado A Line opened in April 2016 and the B Line opened in July 2016. The opening date for the G Line has not yet been determined.
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Innovation Makes Project PossibleA public-private partnership (P3) is an innovative financing and project delivery method in which a public entity partners with the private sector on a public infrastructure project. The private team invests its own money through borrowing or equity and assumes much of the risk associated with a project. This allows the public entity to spread out large up front costs while preserving public cash for use in the early construction years of a project.
The Eagle P3 is a $2.2 billion capital project comprised of federal funds, RTD sales tax bonds and private equity from the concessionaire team, Denver Transit Partners. Eagle P3 received a $1.03 billion Full Funding Grant Agreement (FFGA) from the Federal Transit Administration on Aug. 31, 2011.
Background on the Eagle P3 ProjectThe Eagle P3 Project is being delivered and operated under a concession agreement that RTD has entered into with a "concessionaire" that has been selected through a competitive proposal process. The selected concessionaire is known as Denver Transit Partners (DTP), a special purpose company owned by Fluor Enterprises, Uberior Investments and Laing Investments. Other leading firms involved in the team include Ames Construction, Balfour Beatty Rail, Hyundai-Rotem USA, Alternative Concepts Inc., Fluor/HDR Global Design Consultants, PBS&J, Parsons Brinckerhoff, Interfleet Technology, Systra, Wabtec and others.
The Eagle P3 Project concession agreement requires DTP to design-build-finance-operate-maintain (DBFOM) the East Rail Line, Gold Line, Northwest Electrified Segment (NWES) (segment 1 of the Northwest Rail Line) and Commuter Rail Maintenance Facility project under a single contract. RTD will retain all assets while shifting much of the risk of designing and building the project to DTP.
Read more about the project background here.
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