Thursday, May 21, 2009

RTA allocated $2.7B in state capital

Tribune:
The state's new capital program would provide billions of dollars to keep Chicago-area mass transit running at the status quo, but it isn't likely to fund new services or make wish-list projects come true, officials said today.

Nevertheless, Regional Transportation Authority leaders said they are satisfied legislators were able to provide enough money to keep the CTA, Metra and Pace equipment in good repair, given the state's economic miasma. The capital program approved Thursday now goes to Gov. Pat Quinn for his signature.

The $1.8 billion measure, plus $900 million in the recent "mini" capital bill, would bring to $2.7 billion the state allocation for mass transit infrastructure needs.

"It's a respectable amount in terms of getting us back to where we should be, but it's not going to do a lot in terms of exciting, fancy new projects," RTA Chairman Jim Reilly said.

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