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Denver's FasTracks Program Moves Toward Privatization

Posted by: Mike Lydon
Thanks to: Jeff Wood
18 June 2007 - 5:00am

To deal with the escalating costs of its FasTracks program, Denver is looking for private bids to save money.

"RTD took one giant leap and one baby step Monday toward corralling the rising costs of its $6.2 billion FasTracks program.

A board committee recommended hiring a financial advisory team from JPMorgan and Goldman Sachs to put together bid packages under which private companies could take over all or some of the new commuter-rail transit corridors that are part of FasTracks.

RTD staff believe it could save hundreds of millions of dollars under the plan."

Full Story: RTD eyes privatizing rail lines
Source: The Rocky Mountain News, June 12, 2007
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