Rail

Denver RTD approves FasTracks spending plan

Posted on August 29, 2012

Denver’s  Regional Transportation District (RTD) board of directors approved a current snapshot for implementing the FasTracks program with existing revenues as part of the Denver Regional Council of Government’s (DRCOG) Regional Transportation Plan (RTP).

RTD, the Colorado Department of Transportation (CDOT), and all the cities and counties in the region must identify the transportation projects that can be completed within the DRCOG 2035 plan to enable the region to continue receiving federal funding.

The FasTracks projects that are identified in the RTP amendment to be completed by 2035 are based on RTD’s ability to leverage public-private funds or federal grants.

“This is what the plan looks like now, but as opportunities arise, the plan will change,” said RTD Board Chair Lee Kemp. “We believe that the plan is fiscally responsible and the right thing to do for the region, as we try to remain flexible to optimize progress on the program.”

Another way that RTD is looking to optimize ways to complete more of FasTracks sooner rather than later is to re-evaluate elements of the FasTracks program and all available resources. RTD GM Phil Washington introduced the staff’s intent to present to the board within the next 60 days ways of pooling together various resources that can be applied to the partially funded FasTracks projects.

“We have had great success in finding ways to fund projects by getting creative and thinking long term,” said Washington. “Our work isn’t done yet. I’m confident we’ll continue our path of being prudent with our resources to make worthwhile investments across the region.”  

The board also approved a contract award to AECOM for final design of the North Metro Rail Line from downtown Denver up to the 72nd and Colorado Station. This contributes to RTD’s $1 billion in expenditures and commitments to the northern communities through 2017.

“It’s important to understand that while some folks are inclined to break out the FasTracks sales tax revenues contributed by county, it doesn’t translate into an immediate one-for-one return of benefits as soon as the taxes are collected,” said Washington. “It’s been reported that the northern counties of Adams, Broomfield and Boulder have collectively contributed $243 million so far, but that area actually receives more than one billion dollars in current investments and commitments. FasTracks is a fluid, dynamic and integrated program and financial plan that benefits the region as a whole.”

FasTracks is RTD’s voter-approved transit expansion program to build 122 miles of commuter rail and light rail, 18 miles of bus rapid transit service, redevelop Denver Union Station and redirect bus service to better connect the eight-county District.

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

More News

Metra to seek proposals for new railcars, engines

The exact number will depend on the responses to the RFP, the amount of funding available, and whether Metra can use financing alternatives, such as leasing, to maximize its funding.

Siemens diesel-electric locomotives to begin operation on Calif. train

The Charger clean diesel-electric locomotives are the first high-speed passenger locomotives to receive Tier IV emissions certification from the FRA.

Alstom delivers last of 22 Venezuelan metropolis trainsets

The Alstom-led consortium “Grupo de Empresas,” together with Colas Rail and Thales, subcontracted by Consorcio Linea 2, is responsible for the project, including engineering, integration, and commissioning of the electromechanical works on a turnkey basis.

Stun gun incident causes stampede after NJ Transit train gets stuck in tunnel

This latest incident happened three weeks after the derailment of an Amtrak train at Penn Station and a week after a NJ Transit derailment shut down eight of 21 tracks there and disrupted travel in the region for days.

Holt to lead railroad systems engineering at WSP | PB

He will be responsible for leadership, direction and management of engineering services for railroad and rail transit projects and will support the firm's related business initiatives across the country.

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