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RAIL EMPLOYMENT & NOTICES



Rail News Home Rail Industry Trends

8/10/2006



Rail News: Rail Industry Trends

CTA identifies $8 billion in capital funding needs


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The Chicago Transit Authority (CTA) continues to push for the state of Illinois to increase transit funding. The authority has identified $8 billion in capital funding needs during the next five years to pay for necessary projects.

CTA could apply for federal funds or issue bonds that would cover about $2.2 billion; a state capital investment program could help cover the remaining $5.8 billion, the authority says.

The authority is seeking to replace and rehabilitate trains and buses; add security cameras to passenger-rail cars; rebuild stations; upgrade public address, and signal and communications systems; and extend the Red, Orange and Yellow lines.