DENVER - Today, Governor Polis, his administration, and Union Pacific reached an agreement on a new 25-year lease of the Moffat and binding MOU in exchange for a 25-year access agreement, which sets the stage for increased access to UP’s tracks for Mountain Rail passenger service. This lease and access agreement will be executed on May 1, 2025, replacing the previous 99-year lease on the tunnel. Today the Polis Administration and Union Pacific also signed a four-month Moffat Tunnel lease extension prior to the long-term lease being executed on May 1.