advertisement

---

As part of an ongoing effort to reduce operating costs, the Chicago Transit Authority (CTA) recently approached vendors to reduce their prices on current contracts.

Last month, authority officials sent a letter to vendors asking them to grant the agency a 4 percent price reduction. To date, many vendors have agreed to price concessions that will save CTA up to $1 million in 2010, according to the agency.

CTA officials plan to continue vendor discussions to determine if additional savings can be gained through contract concessions.