2008 Project Budget & Deferments

Overview
In June 2008, the Regional Transportation District (RTD) and the contractor, Denver Transit Construction Group, reached agreement on a Guaranteed Maximum Price for construction of the West Corridor light rail project. Including the final construction contract price. The total project cost of the West Corridor will be $707.6 million, which reflects the unprecedented escalation in the cost of construction materials and fuel. The total West Corridor project cost prior to an agreement with Denver Transit Construction Group (DTCG) was $634 million.  However, the increased costs of materials and fuel in the current market are impacting construction bids.

The $707.6 million includes all design and construction costs for both civil and systems work, the acqusition of all right-of-way necessary for the project, and the purchase of all light rail vehicles for the project. 

West Corridor Budget - Then and Now (presentation) - June 2008

What changed?  Click here to see the project changes that took place during the scope deferment in 2008.

What was happening with materials costs in 2008?