RTD set to receive $1 billion federal grant to help finish FasTracks

RTD set to receive $1 billion federal grant to  help finish FasTracks

RTD has received word that it will be receiving the largest transit grant yet awarded by the Obama administration–a cool billion dollars from the Federal Transit Administration toward completing the line to DIA and the line north to Arvada and Wheat Ridge. The grant will also help fund a maintenance facility.

Thursday marked the final day of a congressional review of the funding, with no move made to strike or reduce the grant. An official announcement may not be made for a few weeks as officials including Transportation Secretary Ray LaHood try to coordinate their calendars for an award ceremony to be held in the Denver area later this month or in August.

The award, totaling $1,000,030,450 will be doled out over a period of years as the line is built. The grant is expected to cover about half of the total cost of construction, said Pauletta Tonilas, spokesperson for the Regional Transportation District. Tonilas also confirmed the details.

“This is a huge step toward finishing the project,” Tonilas said.

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About the Author

Scot Kersgaard

Scot Kersgaard has been managing editor of a political newspaper, editor and co-owner of a ski town newspaper, executive editor of eight high-tech magazines (where he worked with current Apple CEO Tim Cook), deputy press secretary to a U.S. Senator, and an outdoors columnist at the Rocky Mountain News. He has an English degree from the University of Washington. He was awarded a fellowship to study internet journalism at the University of Maryland's Knight Center for Specialized Journalism. He was student body president in college. He spends his free time hiking and skiing.

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