The Regional Transportation Authority (RTA) Board of Directors adopted the 2017 operating budgets for the RTA, Chicago Transit Authority (CTA), Metra and Pace, totaling USD 3 billion. The Board also adopted a five-year capital program in the amount of USD 5.1 billion, including an estimated USD 1.8 billion in capital expenditures for 2017.
Under the USD 3 billion budget, CTA will receive USD 1.5 billion, Metra-USD 781 million, Pace Suburban Bus Service, USD 228.6 million, Pace Regional ADA Paratransit, USD 175 million and the RTA USD 40.9 million.
Within the budget, CTA will continue working on projects that include the modernisation of rail stations such as the Wilson Station Reconstruction Project, the 95th Street Terminal on the Red Line, will select a final alignment for a proposed Red Line Extension, will perform additional project engineering work and Phase 1 of the Red and Purple Modernization Program and will modernise rail and bus fleets, removing rail slow zones and adding new technologies.
Metra’s 2017 proposed budget will increase fare revenue by an average of 5.8 % and invest the resulting USD 16.1 million of revenue in the agency’s extensive capital needs. Metra’s 2017 plans include continuation of its program to rehabilitate some locomotives and railcars each year, to purchase new railcars, and to continue the multi-year effort to replace aging Union Pacific North Line bridges on the north side of Chicago and rebuild the Ravenswood Station.
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