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Officials from the Regional Transportation District of Denver (RTD) and Union Pacific Railroad recently finalized agreements for RTD’s purchase of railroad property and the construction and relocation of UP facilities needed for the FasTracks transit expansion program.

Specifically, the $78 million agreements provide the property needed to build the East Corridor from Denver Union Station to Airport Boulevard, the Gold Line from Pecos Junction to Ralston Road, and the West Corridor, which requires the relocation of UP's Burnham Yard.

The deal marks the second FasTracks-related property transaction between RTD and UP. Totaling $118 million, the first transaction took place in 2009 to purchase the right-of-way to build the North Metro Corridor.

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.