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U.S. Secretary of Transportation Rodney Slater Nov. 17 announced approval of a $525 million New Starts Full Funding Grant Agreement for Denver Regional Transit District’s $879.3 million Southeast Corridor Light Rail project.

The remaining 40 percent of the project’s funding would be provided by RTD, local government general funds and business groups the line would serve.

The 19.6-mile light-rail system would run 16 miles along I-25 from Broadway to Lincoln Avenue, and 3 miles along I-225 to Parker Road. Together, the Southeast Corridor would connect two of the area’s largest employment centers: Denver Central Business District and Southeast Business District.

Construction is slated to begin next year and conclude in 2008.