Substantial completion of railcars financed by TIFIA is expected in early 2022.
CTA seeks to provide rail riders with a safer and enhanced experience by investing over $772.5 million for the purchase of new rail cars to replace aging rolling stock. The new rail cars will increase the size of the fleet to meet growing ridership demands, provide a smoother ridership experience, and improve passenger security with the inclusion of more up-to-date technology. Modernizing the rail fleet will improve the reliability, comfort, and cost-effectiveness of transit service, making it more attractive and beneficial to the riding public. Along with these benefits to riders, replacing old cars with new technologically-advanced vehicles will reduce certain costs to CTA relating to energy use and maintenance.
CTA Bonds: $482M
TIFIA Loan: $254.9M
Federal Transit Agency Formula Funds: $35.5M
To the CTA:
Financial Advisors – Public Financial Management, Inc.
Financial Advisors - A.C. Advisory, Inc.
Legal Advisors – Charity & Associates, P.C.
To USDOT TIFIA JPO:
TIFIA Financial Advisor – IMG Rebel
TIFIA Legal Advisor – Hawkins Delafield & Wood LLP
Direct loan: $254.9 million. The TIFIA loan will be repaid through farebox revenues.
Environmentally Friendly Refrigerant for Air Conditioning
Video Surveillance System
Ethernet Train Line and Remote Maintenance Information Upload
General Manager of Capital Grants
Chicago Transit Authority
567 West Lake Street
Chicago, IL 60661
Phone # 312-681-4130