Fluor Team to Proceed on Denver Rail Project

16 August 2010 (Last Updated August 16th, 2010 18:30)

Denver Transit Partners (DTP), part of construction service organisation Fluor, has reached financial closure in New York, US, and will proceed with the Eagle P3 commuter rail project (Eagle project) in Denver, Colorado. DTP arranged for $452m in private financing, including $397.8m in p

Denver Transit Partners (DTP), part of construction service organisation Fluor, has reached financial closure in New York, US, and will proceed with the Eagle P3 commuter rail project (Eagle project) in Denver, Colorado.

DTP arranged for $452m in private financing, including $397.8m in private activity bonds.

The company will design and build the project for six years and control operations and maintenance of the project for a 30-year period following its completion.

The Eagle project is part of the regional transportation district's FasTracks Plan, a 12-year transit expansion programme to expand transportation throughout the eight-county area.