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Rail News Home Passenger Rail

8/13/2010



Rail News: Passenger Rail

Denver RTD closes on $397.8 private activity bonds, sets Aug. 26 groundbreaking for FasTracks Eagle P3 project


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Yesterday, the Regional Transportation District of Denver (RTD) issued an official notice to proceed to Denver Transit Partners (DTP) regarding the first phase of the FasTracks Eagle P3 project: the 22.8-mile East Corridor commuter-rail line to Denver International Airport.

The notice was given after RTD closed on $397.8 million in private activity bonds for the Eagle P3 public-private partnership project.

In addition to the East Corridor line, the project’s first phase includes construction of a new maintenance facility, provision of the trains that will provide service on the line, and final design work on the FasTracks Gold Line and Northwest Rail Electrified Segment. Groundbreaking for the rail line is scheduled for Aug. 26.

DTP includes Fluor Corp. subsidiary Fluor Enterprises Inc., Macquarie Capital Group Ltd., Balfour Beatty Rail, Hyundai-Rotem USA (which will supply the rail cars), Ames Construction, Fluor/HDR Global Design Consultants, Parsons Brinckerhoff, Interfleet Technology, Systra, Wabtec Corp. and several other companies.

The FasTracks program calls for building 122 miles of commuter- and light-rail lines, constructing 18 miles of bus rapid-transit lines, adding 21,000 new parking spaces and redeveloping Denver Union Station.