Eagle P3

Eagle P3 is a project involving the Regional Transportation District (RTD) and Denver Transit Partners in a public-private partnership to develop commuter rail as part of the RTD FasTracks public transportation expansion plan serving the Greater Metropolitan Denver area in Colorado.

Under the terms of Eagle P3, a private company is responsible for designing, building, partially financing, operating and maintaining (DBFOM) two commuter rail lines, the East Corridor and the Gold Line, as well as a maintenance facility for commuter rail equipment and an 8.4 kilometres (5.2 mi) segment of a third line, the Northwest Corridor. Additionally, the private company is responsible for the operation of the North Metro line and the maintenance of facilities on the Northwest Corridor line. The contract stipulates that the Regional Transportation District owns all assets involved and collects all revenues generated, while Denver Transit Partners assumes all risks involved in the project’s operation. In return, the RTD will make monthly payments to Denver Transit Partners, a total of $7.1 billion over the length of the operation. Eagle P3 is the first full DBFOM transit public-private partnership in the United States.

The process of selecting the private sector company for Eagle P3 began in August 2008, when the RTD issued a request for qualifications, to which three companies responded. In September 2009, a request for proposal was sent to each company; the RTD received two technical proposals in April 2010, followed by two final proposals in May. Out of these, the RTD in June awarded the contract to Denver Transit Partners, a consortium led by Fluor Corporation and Macquarie Group, with Uberior Infrastructure Investments and Balfour Beatty as the other major partners. Macquarie Group subsequently sold its stake in the project to John Laing plc and Uberior at the financial closing of the contract. Minority partners include Alternate Concepts, Inc., Ames Construction, HDR Global Design Consultants HDR, Inc., Hyundai-Rotem, Interfleet Technology Limited, Parsons Brinckerhoff, PBS&J, Systra and Wabtec.

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