$120 million in federal FasTracks grants secured
U.S. Senators Mark Udall and Michael Bennet announced today that the Denver Regional Transportation District will receive funding grants for FasTracks – as promised in the Obama Administration’s budget proposal. The grants are from a pool of $1.6 billion approved by Congress this year. The West, Gold and East lines each are slated to receive $40 million.
Federal Transit Administrator Peter Rogoff announced in a speech this morning that he plans to move forward with grants for FasTracks and other major transit projects, despite budget uncertainty.
“Bottom line: This is a crucial investment in the Denver metro region’s economy and quality of life – it will create jobs, provide a solution to traffic backups and help workers and visitors get across town quickly,” Udall said in a press release. “Denver-area voters spoke up when they supported FasTracks. The federal government’s partnership is critical to ensure that RTD can keep moving forward on schedule. I want to thank Administrator Rogoff for acknowledging how important keeping FasTracks on schedule is to the metro region.”
“This investment will help expand job opportunities, ease commutes and improve travel to and from the airport for visitors and residents in the Denver metro region,” Bennet said. “I’m glad the Federal Transportation Administration is honoring its commitment to help RTD with these vital commuter and light rail lines. I look forward to continuing to work with Administrator Rogoff and RTD to ensure these projects are completed on schedule.”
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