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Rail News: Passenger Rail

Metra OKs 2024 budgets, revises fare structure


Metra's board last week approved a $1.1 billion operating budget for 2024 that includes a revision to the Chicago commuter railroad's fare structure and a new mix of fare products.

The board also approved a $574.9 million capital budget that continues significant investments in rail cars, bridges and stations, Metra officials said in a press release.

The operating budget is 4.9% higher than the 2023 budget, excluding $65 million in added costs that will be reimbursed by the Northern Indiana Commuter Transportation District.

The increase is largely driven by expected inflation and contractual cost hikes.

Under the fare structure revision, fares will be equal to or lower than pre-pandemic levels. Full details can be found at