RTD Procurement and Construction Management Oversight for FasTracks

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Presentation transcript:

RTD Procurement and Construction Management Oversight for FasTracks Larry Hoy RTD Board Member, District J

Overview of FasTracks Project What is FasTracks? The Regional Transportation District is engaged in completing a $7.9+ billion voter- approved capital expansion project across the 8-county region that when complete will provide: 122 miles of new rail service 18 miles of bus rapid transit 57 new stations 31 new Park-n-Rides 21,000 new parking spaces Redevelopment of Denver Union Station

2008 PPP Industry Forum

FasTracks Progress Progress Update • 81 miles of rail and bus transit in construction or soon to begin construction • Current construction includes: – West line just completed – three more under construction. – Segment of a fifth line I-225 – Bus Rapid Transit (BRT) project Denver to Boulder – Denver Union Station

BOARD’S Role During Procurement and Construction Process (continued) Use Committee Structure to Approve Contracts and Review of Procurement/construction Milestones Board Approval of initial application for Public-Private Partnership Pilot project (Penta-P) Board Approval of Final PPP Application to FTA Board’s Approval to hire Outside legal counsel with expertise in this area Board’s approval of the P3 goals and Milestones Board’s Review/Approval of the RFP Process proposal Board Approvals of Key Intergovernmental Agreements (IGAs) Board’s approval of the Selection of the Eagle P3 Concessionaire Team Board’s approval of Purchase and Sale of Railroad Right of Way (ROW)

Denver Union Station Panoramic View