The Denver Transit Partners (DTP) consortium has reached financial close on the Denver Eagle P3 Project in the United States. John Laing has a 45% interest in DTP, alongside Uberior, a wholly owned subsidiary of Lloyds Banking Group, which also has a 45% interest. The balance is held by Fluor.
DTP was announced preferred bidder for the project in June 2010 and achieved commercial close with the client (Regional Transportation District) in July 2010. The project involves the design, build, finance, maintenance and operation of two new commuter rail lines and a portion of a third in the Denver Metropolitan area. The East Corridor runs from Denver International Airport to Denver Union Station, a distance of 23 miles. The Gold Line runs from the western suburbs to Denver Union Station, a distance of 11 miles. A starter segment of the Northwest Rail corridor concurrent with the Gold Line will run separately for an additional two miles. The scope of the project is to deliver and operate the entire rail system, from civil works and structures right through to the electric rail vehicles and related systems. The duration of the project is 30 years post construction, with the construction phase scheduled for 6 years.
