The Denver Transit Partners (DTP) team − which includes Balfour Beatty Rail and Parsons Brinckerhoff − has reached financial close for the Eagle P3 commuter rail project in Denver, USA.
Balfour Beatty announced today that DTP has reached financial close for the design, build, finance and operation (DBFO) of the rail project in the Denver metropolitan area for the Denver Regional Transport District (RTD).
As well as Balfour Beatty Rail and Parsons Brinckerhoff, DTP is led by Fluor, John Laing plc, and Uberior Investments, and includes transport industry experts Ames Construction, Hyundai-Rotem USA (Hyundai), Alternative Concepts, Inc. (ACI), Fluor/HDR Global Design Consultants, PBS&J, Interfleet Technology, Systra and Wabtec.
The Eagle project is part of a 12 year transport expansion programme to build and operate new commuter and light rail services and expand transportation offerings throughout the Denver area. It includes:
- East Corridor: a new 37km commuter rail line from Union Station to Denver International Airport
- Gold Line: a new 18km commuter rail line from Union Station to Wheat Ridge
- A 3km initial segment of the Northwest Rail Corridor
- A new commuter rail maintenance facility
Balfour Beatty will be responsible for a 50% or $500M (£333M) share of the £666M engineering, procurement and construction contract and a 33% or £227M share of the £666M 29 year operations and maintenance contract.
The groundbreaking ceremony for phase one of the project is scheduled for 26 August 2010. Phase two is expected to be let in 2011.
Balfour Beatty chief executive Ian Tyler said: “We are delighted to be a key part of the DTP team for this transformational project for the citizens of Denver. This project demonstrates the capabilities the Balfour Beatty Group can deliver for major infrastructure owners.”