Full Funding Grant Agreement Signed
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.
Fluor CorporationMedia RelationsBrian Mershon, 469-398-7621orBrett Turner, 864-281-6976orInvestor RelationsGeoff Telfer, 469-398-7070orJason Landkamer, 469-398-7222