Rail

RTD, BNSF reach $144M FasTracks agreement

Posted on April 1, 2010

On Wednesday, Denver Regional Transportation District (RTD) and BNSF Railway Co. (BNSF) officials signed final agreements for RTD's purchase of railroad property and relocation of BNSF facilities necessary for FasTracks. The closing on these agreements will enable the FasTracks program to move forward, providing property needed to build the Gold Line, Northwest Rail Corridor, and have access in and out of Denver Union Station (DUS) and the commuter rail maintenance facility.

RTD's Board of Directors had earlier approved the agreements with BNSF, totaling $144 million, paving the way for this weeks closing on the property.

The agreements reached at the signing include a Purchase and Sale Agreement for acquisition of property from DUS to approximately 71st Avenue in Westminster; a Relocation and Construction Agreement for relocation and construction of BNSF facilities required to make the acquired property available to RTD for use on the Eagle P3 and other commuter rail projects; and a Joint Corridor Use Agreement with the BNSF governing ongoing operations between the two entities in the shared corridors.

FasTracks is RTD's voter-approved transit program to expand rail and bus service throughout the RTD service area. FasTracks will build 122 miles of commuter rail and light rail, 18 miles of bus rapid transit service, add 21,000 new parking spaces, redevelop Denver Union Station and redirect bus service to better connect the eight-county District.

The FasTracks investment initiative is projected to create more than 10,000 construction-related jobs during the height of construction, and will pump billions of dollars into the regional economy.

View comments or post a comment on this story. (0 Comments)

More News

WMATA launches Wi-Fi pilot at six Metrorail stations

The service, part of the GM’s Customer Accountability Report initiatives, will be available for 45 days. After that time, the service will be suspended while the pilot program is evaluated.

Amtrak signs contract with Alstom for new generation, high-speed train

Funding for the trains will come from a $2.45 billion loan via a U.S. DOT railroad rehabilitation program – marking the largest single loan in the agency’s history.

Metra receives final Electric Highliners

Completes 2010's 160-car purchase to outfit the line with a completely new and modern fleet.

Amtrak's microgrid to serve as backup during power outages

In the aftermath of the 2012 Superstorm Sandy, half of the Sunnyside Yard had to rely on portable backup generators for a month due to a damaged transmission line.

Detroit's M-1 begins testing streetcar line

The slow-moving "speeder" vehicle will travel the rail line as part of a testing regimen that ensures the route is free of obstructions.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close