Under the federal government funding, Chicago Transit Authority (CTA) will receive USD 281 million for its Red and Purple Modernisation Programme (RPM). The Department of Transportation has allocated USD 156 million in new funding and under the U.S. President Obama’s proposed 2017 budget, CTA will receive a USD 125 million.
The two combined funding sources represent nearly 30% of the federal funding envisioned for this transformational project and would come from FTA’s core capacity programme.
“Chicago’s future depends on our ability to continue modernizing and improving a 21st century transportation system that keeps up with our growing economy and creates local jobs,” Mayor Rahm Emanuel said.
CTA previously received USD 35 million of federal Core Capacity funding in 2014 after it became the first transit system accepted into the new Core Capacity Program in 2013, part of USD 956.6 million CTA is seeking in total Core Capacity funds for Phase 1.
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