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

Hyperloop to build full-scale track next year

The Quay Valley, Calif. Hyperloop track will be built using HTT’s tube, capsule and station models. It will be instrumental in optimizing passenger system needs — such as loading, departure and safety considerations — to ensure Hyperloop is ready for larger-scale operation.

Keolis/MBTA make strides with commuter rail snowstorm recovery

Milestones include the completion of snow and ice removal from all platforms and critical rail switches system-wide, as well as the addition of supplemental trains, doubledecker and standard passenger cars to increase capacity and combat overcrowding.

Alstom to deliver to Sydney Citadis X05

Company is responsible for the integrated tramway system, which includes the design, delivery and commissioning of 30 coupled Citadis X05 trams; power supply equipment, including APS -ground power supply; signaling systems, the energy recovery system HESOP, depot equipment and maintenance.

Ann Arbor transit official urged MDOT not to lease railcars

In 2009, more than a year before MDOT signed a contract to lease and refurbish the double-decker railcars, which since have cost the state about $12 million, an Ann Arbor transit official told MDOT the cars were not suitable for proposed commuter rail services because they didn't meet federal requirements.

Hitachi purchases manufacturer of Honolulu's rail system

Finmeccanica owns all of AnsaldoBreda, which is unprofitable, and 40% of Ansaldo STS, which is profitable, according to the report. The two Ansaldo companies formed a joint venture, Ansaldo Honolulu JV, to design and build the 20-mile, 21-station elevated train system for Oahu under a $1.4 billion contract.

See More News

Post a Comment

Post Comment

Comments (0)

Please sign in or register to .    Close