Media: Press Releases | 19 January 2021
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Denver, 20 January 2021 – Global law firm Hogan Lovells served as Disclosure Counsel to the Regional Transportation District in Colorado (RTD) advising on the issuance of US$340mn of Tax-Exempt Non-AMT Private Activity Bonds and Taxable Private Activity Bonds (Denver Transit Partners Eagle P3 Project) to refinance its outstanding Series 2010 Bonds.
The nation’s first P3 for commuter rail, the Eagle P3 project constituted a landmark deal in United States when it reached financial close in 2010. The design-build contract included construction of three new double-track electric commuter rail lines totaling 36 miles, 14 miles of new freight rail track work, 32 bridges, 30 at-grade crossings, 14 stations with park-n-ride lots, and a major vehicle maintenance facility.
In 2016, the first of the three rail links under the Eagle P3, the A Line train, opened to connect Denver International Airport to downtown Denver’s Union Station.
The Hogan Lovells team advising RTD was led by infrastructure, energy, resources and projects (IERP) partner Helen Atkeson (Denver), and assisted by IERP counsel Jordan Chase (Denver).