Purple Line Partners Named Preferred Bidder by MTA and MDOT for Purple Line Project

PURPLE LINE PARTNERS NAMED PREFERRED BIDDER BY MDOT FOR PURPLE LINE PROJECT CONSORTIUM TEAM INCLUDES MERIDIAM, FLUOR & STAR AMERICA BALTIMORE, MARYLAND

March 2,2016

Purple Line Transit Partners, a consortium comprised of Meridiam, Fluor Enterprises, Inc. and Star America have been selected by the Maryland Department of Transportation (“MDOT”) and  the  Maryland  Transit  Administration  (“MTA”) as  Preferred  Bidder  for  the  Purple Line Light  Rail  Transit Public - Private Partnership (“PPP”) Project. Star America will be providing 15% of the equity.

Fluor Construction, Lane, and Traylor Brothers have formed a construction joint venture to build the Project. Fluor, Alternate Concepts, Inc, and CAF USA have formed an  operations  and  maintenance joint  venture  with  CAF  USA  providing  the light  rail vehicles  for  the  Project.  Commercial  Close  is  anticipated  in  Q1  2016  with  financial close scheduled for Q2 2016.

“We are delighted to have been chosen by MDOT and MTA as their partner in delivering this essential and critical infrastructure project for the state. After being awarded the first PPP in Ohio and the first PPP in Michigan in the past few months, we are looking forward to working with MDOT and MTA and continuing to demonstrate the value we have shown in the past in partnering with states and public agencies and delivering landmark infrastructure projects” said Bill Marino, CEO of Star America. Star America is backed by US pension funds and insurance companies. The Purple Line will be the fifth P3 project Star America will develop since 2013.

The   $2  billion  Purple  Line  Project,  tendered  by   the  Maryland  Department  of Transportation and  Maryland  Transit Administration requires  the  Concessionaire  to finance, develop, design, construct, equip and supply light rail vehicles for, and operate and  maintain  a  16.2 - mile  light  rail  transit  line  that  extends  from  Bethesda  to  New  Carrollton,  and  extends  east - west  inside  the  Capital  Beltway  within  the  Maryland suburbs north of Washington, DC. The Project connects five major activity centers in Prince George’s and Montgomery Counties: Bethesda, Silver Spring, Takoma/Langley Park, College Park and New Carrollton. The new transit line will provide direct connections to four branches of the Washington  Metropolitan Metrorail system, as well as connections to three Regional Commuter rail lines plus Amtrak’s Northeast Corridor. There will be 21 permanent stations servicing residents and commuters in the  areas.

The Project runs partially through  dedicated right of way and partially on embedded track on roadways with vehicular traffic as is common for urban light rail projects.

For additional information, contact:

Star America:
Mark Melson 516-882-4100
mmelson@starinfrapartners.com

About Star America
Star America Infrastructure Partners is an independent US headquartered developer and manager of greenfield infrastructure assets in North America, backed by US pension funds and insurance companies. Star America focuses on partnering with states and public agencies in delivering infrastructure projects across the transportation, social and environmental sectors. Over the past 15 years, Star America’s team members have had experience financing, underwriting and managing over 45 infrastructure projects valued at over $60 bn. Since its inception a few years ago Star America has been awarded or become a partner in five public private partnerships, one of which is already in operation.

Wednesday, March 2, 2016