About a mile (1.5 km) downstream from its source, the Colorado River has carved its first canyon, the narrow, deep Little Yellowstone Canyon. It then flows through the broad Kawuneeche Valley, where it is joined by U.S. Highway 34, which will roughly parallel it to the town of Granby. It finally exits Rocky Mountain National Park, flowing into Shadow Mountain Lake and then into Lake Granby, which are portions of the Colorado-Big Thompson Project, a large trans-basin water storage and delivery project that diverts water from the Colorado River under the Front Range mountains to provide an agricultural and municipal water supply for the northern Front Range and plains of Colorado.