Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBOM Partially Public Finance
# of Projects: 1
100% of the Results

Background informationProject Created: June 22, 2010

Project Name: East Corridor FasTracks to Denver Airport
Year in Operation:
Sector: Transportation
Subsector: Transportation Terminal, Rail
Status: Project Definition / Programming
Type: New Facility
Description: 22.8 mile electrified commuter rail line from Denver Union Station in downtown Denver to Denver Int'l Airport (DIA).
Delivery Method as described in the country where it's located: Design Build Finance Operate Maintain
Is the project still active: Yes
Comments: Private consortium (denver Transit Partners) for design, construction, operation and maintenance of the East Corridor line for 40 years. Financing from public sources, with private sector funding as well. Once the facility opens, developer will operate the facility and will receive annual availability payments, based in part on performance.

Project Locations

Address: Union Rail Station
City: Denver
State: Colorado
Country: United States of America

Address: Denver International Airport
City: Denver
State: Colorado
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): 40 year DBFOM concession to operate the system, once completed. Commitment to annual payments from Regional Transit District to the developer/concessionaire.
Checkbox Checked Environmental Clearance

Souces of Project Support (Monetary)

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From Public (Government) Sources to Producers: 2 billion (+) initial design and construction cost.

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Direct Cash Support: Sources of funds as at 2015 (opening day): From Final Envir Impact Statement. $63 million from RTD bonds;

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From Other Public Entities - Direct Grant of Appropriated Public Funds: $789 million from FTA (US DOT) new starts program; $21 million in other federal funding; $34 million in local public funding; $437 million in private funding. RTD is hoping to increase the "new start" funds to $1 billion.

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From Private Capital Markets Directly to Producers as Debt: $1.3 billion in private funding - combination of debt and equity, backed in part by promise of annual payments from RTD for O&M of the completed lines.

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From Producers as Equity: $1 billion reported in Denver Daily post to come from in contribution of equity by developer, backed in part by promise of annual payments from RTD for O&M of the completed lines.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner operates and maintains the resulting facility.
Is there an independant checking engineer? Yes
Project Finance Method: All or Partially By Public Sponsor

Procurement Approach

Project Component
Qualifications
Based Selection
Request for
Qualifications
Request for
Proposals
Invitation
for Bids
Unsolicited
Proposals

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Combined Term: Initial Design, Construction, O&M Period
40
0
Forms
Description
Other
Negotiated. 

Project Value (If and As Known)

Date of Estimated Project Value: June 15, 2010
Project Value
Hard Cost
Hard & Soft Costs
Total
$2-10 Billion US
(none)

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