The Denver Business Journal reports that President Obama’s $3.83 trillion proposed budget includes $80 million for two of RTD FasTracks’ major routes: the East Corridor between downtown and Denver International Airport and the Gold Line from downtown to Arvada/Wheat Ridge.

Each line was recommended to receive $40 million as part of the proposed fiscal 2011 budget’s “New Full Funding Grant Agreement Funding Recommendations.” FasTracks’ West corridor, from downtown to Golden, also received a recommendation for $40 million, as part of an existing grant agreement with RTD.

RTD has said it hopes to get up to $1 billion in federal money, through a full funding grant agreement, to help pay for the East and Gold Line corridors.

Peter Rogoff, head of the Federal Transit Administration, said Tuesday during a conference call with reporters to discuss Obama’s budget that those two projects are on a list “that we’re including in the budget, and we’re signaling our intention to sign a full funding grant agreement on these projects before Sept. 30, 2011,”

Go to the Denver Business Journal to see the entire article.