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Yesterday, the Chicago Transit Authority (CTA) awarded a $48.2 million contract to Divane Brothers Electric Co. to replace signal and train-control systems on the Loop elevated tracks.

The new system will be installed at CTA’s two busiest junctions — Van Buren/Wabash and Lake/Wells — where Brown, Orange, Green, Purple and Pink line trains enter and exit the Loop. The 31-year-old signal system will be replaced with an automatic train-control system that will regulate train movement, speed and intervals at the junctions. The authority also will upgrade a portion of the bridge control system that operates the Lake and Wells Street bridges. Work will begin soon and conclude in 2009.

Meanwhile, CTA will reopen Kimball Station, which has been closed for renovations the past four months, tomorrow.

The station features new lighting, heaters and windbreakers, benches and an information kiosk. Crews will continue to complete remaining work, such as installing permanent signs, security cameras, windows and canopies, and extending the platform to accommodate eight-car trains.

Kimball Station is one of 18 undergoing renovations as part of CTA’s Brown Line capacity expansion project. Scheduled to be complete in 2009, the project also calls for upgrading or replacing traction power, and signal and communication equipment.

The 100-year-old Brown Line operates between downtown Chicago and the city’s northwest side.