CastleScott
Jan 31, 2010, 6:18 AM
Colorado gets stimulus funds for high-speed rail studyDenver Business Journal - by Cathy Proctor
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Colorado will get $1.4 million in federal stimulus money to study integrating a high-speed, inter-city rail line with Denver’s FasTracks mass transit rail system, part of $8 billion in high-speed rail grants announced Thursday by President Barack Obama.
The money, in the form of two grants, will go to the Colorado Department of Transportation. Colorado will match the money, for a total of $2.8 million.
“High-speed rail is an important component of building Colorado’s transportation infrastructure to provide more sustainable and affordable options for Coloradans,” Gov. Bill Ritter said in a statement. “These grants complement work already being done by a network of groups and my bi-partisan transportation panel.”
The study will look at where inter-city rail systems would connect with the Regional Transportation District’s FasTracks project, and if the connections are feasible.
The two grants are:
• A $1 million grant, matched by the state, for a connection study.
• A $400,000 grant, matched by the state, to develop a “State Rail Plan,” required to get a national designation as a high speed rail corridor. The designation opens the door to the possibility of getting federal funding for any high speed rail construction projects.
Colorado’s rail plan will consider similar plans in nearby states in order to smoothly connect freight and passenger systems, Ritter’s announcement said.
Both studies are expected to be started this summer.
CPROCTOR@bizjournals.com | 303-803-9233
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Get new image | Image verificationAudio verification | reCAPTCHA™
Related News
RTD light rail marks 15 years of operation
FasTracks gets $4.5M from feds
Fireworks to interrupt Denver light rail, mall shuttles on New Year's Eve
Colorado's road to stimulus money
Government contracts boon for minority business
Colorado will get $1.4 million in federal stimulus money to study integrating a high-speed, inter-city rail line with Denver’s FasTracks mass transit rail system, part of $8 billion in high-speed rail grants announced Thursday by President Barack Obama.
The money, in the form of two grants, will go to the Colorado Department of Transportation. Colorado will match the money, for a total of $2.8 million.
“High-speed rail is an important component of building Colorado’s transportation infrastructure to provide more sustainable and affordable options for Coloradans,” Gov. Bill Ritter said in a statement. “These grants complement work already being done by a network of groups and my bi-partisan transportation panel.”
The study will look at where inter-city rail systems would connect with the Regional Transportation District’s FasTracks project, and if the connections are feasible.
The two grants are:
• A $1 million grant, matched by the state, for a connection study.
• A $400,000 grant, matched by the state, to develop a “State Rail Plan,” required to get a national designation as a high speed rail corridor. The designation opens the door to the possibility of getting federal funding for any high speed rail construction projects.
Colorado’s rail plan will consider similar plans in nearby states in order to smoothly connect freight and passenger systems, Ritter’s announcement said.
Both studies are expected to be started this summer.
CPROCTOR@bizjournals.com | 303-803-9233
