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Massachusetts Bay Transportation Authority (MBTA) recently began a $44 million project to rehabilitate the Ashmont Station on the Dorchester Branch of the Red Line.

Built in 1927, the terminus station is a key transfer point for bus and trolley passengers.

The renovated station will include new elevators, escalators, security cameras, automated fare-collection equipment and roof. The rehabilitation is expected to spur economic growth in Dorchester’s Peabody Square neighborhood. Developers plan to construct 28,000 square feet of retail space and 120 mixed-income apartments near the station.

The Ashmont Station is the fourth Red Line facility to be rehabilitated in Dorchester. Projects at the Savin Hill, Fields Corner and Shawmut stations are under way as part of a $67 million renovation plan.