...+ U.S. light rail transit public private partnership Purple Line Transit Partners LLC (PLTP) will finance, develop, design, build, equip, supply light rail vehicles for, operate, and maintain the Purple Line Light Rail Project under an approximately 36-year availability-based concession agreement with the Maryland Dept. of Transportation and the Maryland Transit Administration. PLTP will use senior notes and a Transportation Infrastructure Finance and Innovation Act loan together with progress/milestone payments and equity contributions to fund the construction of a 16.2 mile, 21-station east-west light rail transit system in the suburbs of southern Maryland adjacent to the District of Columbia. + We are assigning our '###+' issue rating to the senior bonds and TIFIA loan. + The stable outlook reflects a reasonable construction timeline and cost budget, a strong design-build contractor with experience completing projects of this type, and adequate liquidity to sustain any delays. TORONTO...
