Chicago Transit Authority (CTA) announced that is proposing a USD 3.5 billion five-year capital budget for 2017-2021. The projects include the rehabilitation of rail stations and building new ones, the modernization of rail and bus fleets, the removal of rail slow zones and adding new technologies—work that improves reliability, reduces commuting times, strengthens safety and security, and improves the overall commuting experience.
CTA proposed a balanced USD 1.5 billion operating budget that holds the line on base fares and preserves bus and rail service levels, while continuing historic investment to modernize the CTA and improve the customer experience.
In 2017, the agency will continue to pursue long-term priorities, which focus on improving service to customers. CTA will continue to make extensive investments in its bus and rail system – including some of the largest station reconstruction projects in CTA history, such as the Red-Purple Modernization project, a USD 2.1 billion investment to modernize and add capacity to the CTA’s busiest rail corridor. CTA will also continue to enhance the overall customer experience by investing in public art at our rail stations.
CTA plan to continue or begin 11 projects in 2017.
“CTA’s responsible budget will continue to create a 21st century transit system by focusing on enhancing service to riders while continuing the historic level of investment in modernization of our transit system,” said Mayor Rahm Emanuel.
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