Eagle P3 Project
Eagle P3 is a public-private partnership comprised of RTD's East Rail Line, Gold Line, Commuter Rail Maintenance Facility and Northwest Rail Line Westminster segment. The total 36 miles of new commuter rail lines are scheduled to open one at a time in sequence in 2016.
Full Construction UnderwayThe Eagle P3 Project is in full construction along the East Rail Line, the Gold Line and the Westminster segment of the Northwest Rail Line. Please be alert for changing conditions, lane restrictions or road closures.
Halfway to Opening DayRTD and its concessionaire, Denver Transit Partners, celebrated "halfway to opening day" for the Eagle P3 project on Aug. 22, 2013.You can read all about it here.
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The Eagle P3 Map
Innovation Makes Project PossibleA public-private partnership (P3) is an innovative financing and project delivery method in which a public entity partners with the private sector on a public infrastructure project. The private team invests its own money through borrowing or equity and assumes much of the risk associated with a project. This allows the public entity to spread out large up front costs while preserving public cash for use in the early construction years of a project.
The Eagle P3 is a $2.2 billion capital project comprised of federal funds, RTD sales tax bonds and private equity from the concessionaire team, Denver Transit Partners. Eagle P3 received a $1.03 billion Full Funding Grant Agreement (FFGA) from the Federal Transit Administration on Aug. 31, 2011.
Background on the Eagle P3 ProjectThe Eagle P3 Project is being delivered and operated under a concession agreement that RTD has entered into with a "concessionaire" that has been selected through a competitive proposal process. The selected concessionaire is known as Denver Transit Partners (DTP), a special purpose company owned by Fluor Enterprises, Uberior Investments and Laing Investments. Other leading firms involved in the team include Ames Construction, Balfour Beatty Rail, Hyundai-Rotem USA, Alternative Concepts Inc., Fluor/HDR Global Design Consultants, PBS&J, Parsons Brinckerhoff, Interfleet Technology, Systra, Wabtec and others.
The Eagle P3 Project concession agreement requires DTP to design-build-finance-operate-maintain (DBFOM) the East Rail Line, Gold Line, Northwest Electrified Segment (NWES) (segment 1 of the Northwest Rail Line) and Commuter Rail Maintenance Facility project under a single contract. RTD will retain all assets while shifting much of the risk of designing and building the project to DTP.
Read more about the project background here.
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