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DENVER — Balfour Beatty, the international infrastructure group, announced that the Denver Transit Partners (DTP) team has reached financial close for the design, build, finance, and operation (DBFO) of the Eagle P3 commuter rail project in the Denver metropolitan area of the United States for the Denver Regional Transport District (RTD).

Balfour Beatty will be responsible for a 50 percent, or $500 million, share of the $1 billion engineering, procurement, and construction contract and a 33 percent, or $340 million, share of the $1 billion, 29-year operations and maintenance contract.

Notice to proceed was received concurrently with financial close of the DBFO project. The groundbreaking ceremony for phase one of the project is scheduled for Aug. 26, 2010. Phase 2 is expected to be let in 2011.

In addition to Balfour Beatty Rail and Parsons Brinckerhoff, Balfour Beatty’s professional services arm, the DTP team — led by Fluor, John Laing plc, and Uberior Investments — includes transit industry experts Ames Construction, Hyundai-Rotem USA (Hyundai), Alternative Concepts, Inc. (ACI), Fluor/HDR Global Design Consultants, PBS&J, Interfleet Technology, Systra, and Wabtec.

The multi-billion Eagle project includes:
• East Corridor: a new 22.8 mile commuter rail line from Union Station to Denver International Airport
• Gold Line: a new 11.2 mile commuter rail line from Union Station to Wheat Ridge
• A two mile initial segment of the Northwest Rail Corridor
• A new commuter rail maintenance facility

The Eagle Project is part of RTD’s FasTracks Plan, a 12-year multi-billion dollar transit expansion program to build and operate new commuter and light rail services and expand transportation offerings throughout the eight-county Denver area.