Denver's FasTracks Program Moves Toward Privatization

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

1 minute read

June 18, 2007, 5:00 AM PDT

"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."

Thanks to Jeff Wood

FULL STORY: RTD eyes privatizing rail lines

Tuesday, June 12, 2007 in The Rocky Mountain News

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