The Chicago Transit Board today approved a USD 1.524 billion operating budget that holds the line on fares and preserves bus and rail service levels, while continuing historic investment to modernize the CTA and improve the customer experience.
The CTA also approved a USD 3.5 billion five-year capital budget for 2017-2021, continuing more than USD 5 billion of historic transit investment completed, begun or announced by Mayor Rahm Emanuel since 2011.
The projects to be competed are the Wilson Station reconstruction project, the Washington-Wabash station, the overhaul of 3200-series rail cars on Orange, Brown lines, and renovation of Quincy Loop and Illinois Medical District Blue Line stations.
Next year, CTA will select the final alignment for a proposed Red Line Extension and will perform additional project engineering work, will continue the work including possibly pre-construction work by the end of 2017, on Phase 1 of the Red and Purple Modernization Program (which includes rebuilding four Red Line stations and constructing a rail bypass) and will implement Belmont Blue Gateway project.
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