Denver’s Regional Transportation District says it will need about $2.4 billion more than expected to build all components of the city’s FasTracks rail expansion. The agency, which released its 2010 FasTracks budget in January, puts the total at $6.6 billion, well beyond the $4.2 billion it can collect from taxes in the near future. RTD oversees bus and rail transit for the six-county Denver metro area. In 2004, the agency spearheaded an election in which voters approved $3.95 billion in new taxes for FasTracks. The program aims to build 122 miles of new commuter-rail and light-rail lines, 18 miles of
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.