Under the five-year capital budget for 2019-2023, Chicago Transit Authority proposed USD 2.9 billion budget to continue the USD 8 billion transit investment announced by the Mayor, Rahm Emanuel, in 2011. Those projects include rehabilitating rail stations and building new ones, modernizing rail and bus fleets, removing rail slow zones and adding new technologies, work that improves reliability, reduces commuting times, strengthens safety and security, and improves the overall commuting experience.
The CTA proposed a balanced USD 1.55 billion operating budget that maintains bus and train fares at their current levels, preserves bus and rail service, and continues investment to modernize the CTA and improve the customer experience.
The 2019 budget includes more than USD 20 million in cost savings and operational efficiencies. Since 2015, the CTA has achieved more than USD 150 million in cost-cutting savings, operational efficiencies and additional non-farebox revenue.
In 2019, CTA will continue to pursue projects to modernize the system and improve service to customers.
The agency will continue to make notable investments in its bus and rail system, including some of the largest projects in CTA history, such as the Red-Purple modernization project, a USD 2.1 billion investment to modernize and add capacity to the CTA’s busiest rail corridor.
CTA will also continue to enhance the overall customer experience by investing in public art at our rail stations.
The projects to be continued or begin in 2019 include Red and Purple modernization programme, the rehabilitation of Belmont & Jefferson Park under Your New Blue project, the delivery of the prototype 7000-series railcar, and other public transport projects.
Share on:
