Civil Plaintiff
Maryland Department of Transportation Reached $250M Settlement with Contractors
Dive Brief:
- After months of negotiations, the Maryland Department of Transportation (MDOT) last week said it reached a $250 million settlement with the contractors building the stalled Purple Line light-rail system in the suburbs of Washington, DC.
- The agreement with Meridiam, Star America and Fluor settles all outstanding financial claims and terminates litigation between the parties, according to a press release. As part of the settlement, Fluor will drop out of the Purple Line Transit Partners (PLTP) public-private partnership agreement and the project will proceed with just Meridiam and Star America as developers and equity partners.
- If approved by the Board of Public Works next month, Meridiam and Star America will initiate solicitation for a new design-build contractor, in coordination with MDOT and the Maryland Transit Administration (MTA).
