Silver Spring, MD - Governor Hogan today announced his approval of Purple Line Transit Partners to build, operate, and maintain the Purple Line for 30 years. The Governor also announced that the State has reduced to cost of the project by $550 million, and reduced annual availability payments by nearly 11%.
The Board of Public Works will review the proposed contract in April. If approved, the Federal Transit Administration is the next step, with a Full Funding Grant agreement, expected in July. Construction is expected to start after issuance of the agreement.
Purple Line President Ralph Bennett praised the announcement saying "This is a major milestone in the project’s development and virtually assures its completion. Congratulations to all the hardworking Maryland and county staff and leadership who have been doing the hard work of choosing between four excellent options. We are excited to hear more details and are honored to be hosting Maryland's Transportation Secretary Pete Rahn at a public forum to explain the proposal next month."
Please watch this site for more details about the April 21st forum, including a growing list of panelists.