A decision will be made on Wednesday by the state’s Board of Public Works, which will determine whether the Maryland Department of Transportation (MDOT) can pursue a P3 model for the $2.2bn deal.
A pre-solicitation report has already been issued by MDOT, which is currently under review by the Comptroller, State Treasurer, the budget committees, and the Department of Legislative Services for a period of 60 days.
As reported by PPP Bulletin in June, the deal has already received significant interest from the private sector, with firms such as Plenary Group, John Laing, MMM Group and Fluor contacting the department.
In addition, the project also received 21 expressions of interest following the Maryland Transit Authority’s investors’ forum in May.