MDOT to take over Purple Line PPP if negotiations fail

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The Maryland Department of Transportation (MDOT) has stated it will take over the Purple line LRT project if negotiations with the PPP partner Purple Line Transit Partners (PLTP- a consortium of Meridiam, Star America, and Fluor) fail to reach conclusion. The US$ 2 billion project has suffered cost overruns of US$ 519 million, which were claimed by the PLTP. The claims are being negotiated.

The PLTP has started to demobilize the project by terminating subcontractors and suppliers from July 22, 2020. The state informed the bondholders on August 04, 2020, that it might take over the project. The authority and contractor have met several times during the last few months to resolve the issue. 

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