Md. OKs Public-Private Partnership For $2.2B Rail Line

Law360, Washington (November 7, 2013, 2:31 PM EST) -- Maryland’s Board of Public Works on Wednesday approved a proposal for a public-private partnership to construct the pending $2.2 billion Purple Line light rail project connecting several Washington, D.C., suburbs, allowing private companies to bid to design, build and operate the line.

The board — consisting of Maryland Gov. Martin O’Malley, Treasurer Nancy Kopp and Comptroller Peter Franchot — signed off on the proposal unanimously, after the Maryland Department of Transportation recommended the project as appropriate for a public-private partnership, or P3, based on its assessment...
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