Rail

Feds commit $1B to Denver commuter rail project

Posted on August 31, 2011

The U.S. Department of Transportation signed a $1 billion funding agreement with the Denver Regional Transit District (RTD) for its Eagle P3 commuter rail project.

The 30-mile two-pronged commuter rail project will significantly expand transportation choices in the greater Denver area, create jobs and cut by nearly half the amount of time it now takes to get from downtown Denver to the airport.

RTD is the first transit agency in the nation to successfully pursue a comprehensive public-private partnership, or P3, that encompasses the design, construction, financing, operation and maintenance of its regional transit projects. The federal funding agreement covers roughly half of the $2 billion cost of the entire project, which is expected to generate roughly 4,700 construction-related jobs in the Denver metro area.

The federal funding agreement clears the way for construction to begin on the western segment of Eagle P3, also known as the Gold Line, which will serve the suburbs of Arvada and Wheat Ridge. The East Line of Eagle P3, which has already begun construction using local funds, will run from Denver's historic Union Station nearly 23 miles east to Denver International Airport and will connect to existing light rail and bus service.

The Eagle P3 project and Denver Union Station's ongoing renovation are part of RTD's far-reaching FasTracks program, a voter-approved, multi-year, multibillion-dollar transit expansion program covering 140 miles of rail and bus corridors that will help Denver to successfully manage growth and compete for business for years to come.

The Federal Transit Administration is the major federal funder through a combination of grants and loans. A consortium of private companies, known as the Denver Transit Partners, is responsible for financing the rest through tax-exempt private-activity bonds issued by RTD and other means.

The entire project is slated for completion in 2016. The new railcars slated for use on the commuter line will be assembled in the U.S. and consist of at least 60 percent U.S.-made components, consistent with the Obama Administration's Buy America requirements.                 

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

More News

Alstom to supply 13 Coradia Lint regional trains to Danish network

The Coradia Lint 41 is an environmentally-friendly low-consumption Diesel Multiple Unit that can reach a maximum operating speed of up to 87 mph.

Bombardier to supply trains for Delhi Metro

The order for 162 MOVIA metro cars is valued at approximately $228 million, and delivery will begin in the third quarter of 2016.

Alstom completes hybrid locomotive for Volkswagen

The new generation of hybrid shunting locomotive will be used at Volkswagen’s Wolfsburg plant for zero-emission freight transport, making a sustainable contribution towards reducing CO2 emissions.

Passenger rail reform bill passes first hurdle

The “Railroad Reform, Enhancement, and Efficiency Act,” which was unanimously approved by the Senate Commerce, Science and Transportation Committee, would authorize Amtrak for the next four years at an average $1.65 billion a year. Additionally, $570 million in total grant funding would be made available every year.

Sound Transit completes first phase of University Link testing

Over the past several months Sound Transit contractors have installed and tested new power, safety, train control and communications systems in most of the 3.1 miles of tunnels between Westlake Station in downtown Seattle and the University of Washington.

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 resource for managers of class 1-7 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