The Maryland Department of Transportation has agreed to pay $250 million to settle a dispute over cost overruns that caused the construction contractor to quit the Purple Line light rail project in Montgomery and Prince George’s counties in September.
Sorry, it might be behind a paywall, but here's the bottom line:
The PPP consortium claimed $800 million in cost overruns. They're getting $250 million.
They're salvaging the PPP, but replacing the builder, Fluor Corp.
This is tentative, the MD state treasurer and state comptroller have to agree.
Looks like service isn't starting until 2024.