Wednesday, March 31, 2010

Denver RTD, BNSF sign FasTracks accord

Written by 

Denver’s Regional Transportation District and BNSF Wednesday signed an agreement, worth $144 million, allowing RTD to acquire existing railroad right-of-way and relocate BNSF facilities to allow expansion of the city’s FasTracks program. RTD’s Board of Directors approved the agreement on March 23.

denver_rtd_logo.jpg

RTD, in a statement, said the accord includes a Purchase and Sale Agreement for acquisition of property from Denver Union Station toapproximately 71st Avenue in Westminster, Colo.; a Relocation and Construction Agreement for relocation and construction of BNSF facilities required to make the acquired property available to RTD for use on the Eagle P3 and other commuter rail projects; and a Joint Corridor UseAgreement with the BNSF governing ongoing operations between the two entitiesin the shared corridors.

bnsf_logo.jpg

“It is great to celebrate yet another major step forward in the FasTracks program,” said RTD General Manager Phil Washington. “Our partnership with BNSF is a successful example of how a transit agency and a railroad entity can work together for the best interests of the whole region.”

“BNSF has a cooperative history of working with commuter rail agencies to provide access to our right-of-way for passenger service while also preserving our capacity to serve freight rail customers,” said BNSF Assistant Vice President of Passenger Operations DJ Mitchell. “We look forward to continuing to work with RTD in their efforts to bring commuter rail service to the Denver region.”