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

By Mike Lydon


"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

Tuesday, June 12, 2007 in The Rocky Mountain News

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