Chicago Transit Facing $36 Billion Capital Investment Shortfall

Chicago transit agencies are falling behind its needed capital investments. A new report estimates that the CTA, Metra, and Pace will need to spend $36 billion over the next decade to catch up.

1 minute read

January 24, 2015, 9:00 AM PST

By James Brasuell @CasualBrasuell

Richard Wronski reports: "Chicago's three transit agencies have fallen $3 billion further behind previous years in investing in new equipment and maintaining existing trains, buses and infrastructure…" Those figures were released this week in a report by the Regional Transportation Authority.

"The new report… uses 84 pages of charts and data to paint a gloomy picture of the capital funding situation at the CTA, Metra and Pace," according to Wronski.

"Together, the three agencies need $36 billion over the next decade to address these needs, according to the RTA's Capital Asset Condition Assessment. That amount has grown by $3 billion since a similar analysis a year ago, the report said."

FULL STORY: RTA report: Metra, Pace, CTA falling behind in funding for equipment

Thursday, January 22, 2015 in Chicago Tribune

Transportation Illinois Chicago Capital Investment Transit Funding Regional Transportation Authority CTA Metra and Pace View More

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