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Rail News: Passenger Rail
7/26/2010
Rail News: Passenger Rail
Denver receives $300 million from USDOT for Union Station project
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On Friday, the U.S. Department of Transportation (USDOT) announced that the Denver Union Station redevelopment project will receive more than $300 million in federal loans through a financing arrangement involving the Railroad Rehabilitation and Improvement Financing and Transportation Infrastructure Finance and Innovation Act programs.
The station redevelopment project includes a 50-acre, public-private mixed-use development. The loans will finance new intermodal transportation facilities, including a light-rail terminal featuring three tracks and two platforms for existing and planned routes, and an intercity and commuter-rail facility featuring eight passenger tracks, platforms, and service and storage improvements.
The station redevelopment is part of the Regional Transportation District of Denver’s FasTracks program, which also calls for building 122 miles of commuter- and light-rail lines, constructing 18 miles of bus rapid-transit lines and adding 21,000 new parking spaces.
The station redevelopment project includes a 50-acre, public-private mixed-use development. The loans will finance new intermodal transportation facilities, including a light-rail terminal featuring three tracks and two platforms for existing and planned routes, and an intercity and commuter-rail facility featuring eight passenger tracks, platforms, and service and storage improvements.
The station redevelopment is part of the Regional Transportation District of Denver’s FasTracks program, which also calls for building 122 miles of commuter- and light-rail lines, constructing 18 miles of bus rapid-transit lines and adding 21,000 new parking spaces.
