What is the Eagle P3 Project?
The Eagle P3 project comprises elements of Design, Build, Finance, Operation and Maintenance (DBFOM). The project will be delivered and operated under a concession agreement between Regional Transportation District (RTD) and Denver Transit Partners (DTP)/Concessionaire.
Under the approved Penta-P, RTD is allowed to partner with a private company or consortium to Design-Build-Finance-Operate-Maintain the East Rail Line, the Gold Line, an initial segment of the Northwest Rail and the Commuter Rail Maintenance Facility (CRMF) projects under a single contract. In a Public, Private, Partnership (PPP), RTD will retain all assets while shifting much of the risk of providing the projects to the private partner or consortium. In return, RTD would make lease payments to the private partner, allowing the agency to spread out large upfront costs over a longer period of time, much like a 30-year mortgage versus a 15-year mortgage.
The RTD-FasTracks East Rail Line, the Gold Line, an initial segment of the Northwest Rail and the Commuter Rail Maintenance Facility (CRMF) will be designed and built by Denver Transit Partners (Concessionaire.) Denver Transit Partners will provide and maintain the rail vehicles for all four of the RTD commuter rail corridors. Denver Transit Partners will also operate and maintain the East Rail Line, the Gold Line, an initial segment of the Northwest Rail and the North Metro Rail Line as well as the transit specific elements, such as stations and parking lots to assuring safe and reliable commuter rail service for up to 45 years. In addition, Denver Transit Partners will arrange financing for the project and receive payments based on their performance of the operation and maintenance of the project.