U.S. 36 Managed Lane / Bus Rapid Transit Project: Phase 2

credit agreement executed

U.S. 36 is a four-lane divided highway that connects the City of Boulder to Denver at its intersection with I-25. The U.S. 36 Managed Lane Project Phase II is a 5.1 mile segment from 88th Street in Louisville/Superior, Colorado to the Table Mesa/ Foothills Parkway in Boulder, Colorado. Phase I and Phase II of the project will connect to the northern terminus of the I-25 Express Toll Lanes.  Phase II is being delivered under a design-bid-build contract: Addition of an express lane in each direction of the U.S. 36 for the Bus Rapid Transit (BRT), High Occupancy Vehicles (HOV) and tolled Single Occupancy Vehicles (SOV) Pavement reconstruction and BRT signage and bus ramp improvements Installation of Intelligent Transportation Systems (ITS) Improve Regional Transportation District (RTD) stations Installation of commuter bike lanes The US 36 Managed Lane and Bus Rapid Transit Project will ameliorate significant safety hazards that existed before the project’s inception, such as:  structurally deficient bridges, harsh grading, and insufficient stopping sight distances. Upon completion, these improvements are expected to significantly reduce accident rates. The project will implement an intelligent transportation system for electronic tolling and electronic display of transit information. Together, improved conditions and upgraded technology will generate significant time savings with each transit rider, carpooler, and toll-paying drivers are expected to save up to 25 minutes in travel time savings between Denver and Boulder. The project created approximately 4,400 jobs. TIFIA financing allowed for the realization of the stated benefits at least 20 years earlier and at a cost savings of nearly $200 million compared to conventional financing methods.