Posted: Aug 31, 2011 6:49 PM by Dr. Anya Winslow
ARVADA, Colo. (AP) - U.S. Transportation Secretary Ray LaHood has signed an agreement committing $1.03 billion in federal funds for two planned light rail lines in Denver.
One line will link downtown to Denver International Airport. The other will link downtown to the northwest suburbs of Arvada and Wheat Ridge.
The $1.03 billion award that LaHood announced Wednesday is the last piece of funding needed for the $2.1 billion Eagle P3 project, which includes both light rail lines and is part of the FasTracks program to expand transit in the Denver area. Local funds and privately arranged financing are funding the rest of Eagle P3.
The announcement comes as President Barack Obama is making a push for spending on infrastructure as a way of keeping construction employees at work.
(Copyright 2011 by The Associated Press. All Rights Reserved.)