Feds approve 2 FasTracks lines
Denver Business Journal
Monday, November 9, 2009, 2:53pm MST
The Federal Transit Administration has given its approval to two major pieces of Denver’s FasTracks project, the Regional Transporation District said Monday.
The approval is critical for the two lines — the Gold line from downtown to Arvada and the East line from downtown to Denver International Airport — to get federal money to pay for construction.
The Federal Transit Administration has issued its “Record of Decision,” or formal approval of the route, technologies, station locations and environmental protection or mitigation efforts associated with the Gold and East lines, RTD spokeswoman Pauletta Tonillas said Monday.
FTA issued its approval for the Gold line on Nov. 2 and for the East line on Nov. 6, she said.
“It’s significant,” Tonillas said. “These are major milestones. When you have two major projects that go through an analysis and evaluation process, and you have FTA as your partner through that and then FTA gives final approval, it’s a major step forward for us.”
To pay for the estimated $2.3 billion Gold and East lines, RTD is hoping to get up to $1 billion in federal funding. The agency also hopes that teams bidding for the contract to design, build, operate, maintain and finance the lines will bring up to $1 billion of their own money to the project.
RTD has said it can pay for the remaining portion of the two lines.