Progressive Railroading


Newsletter Sign Up
Stay updated on news, articles and information for the rail industry

All fields are required.

Rail News Home Rail Industry Trends


Rail News: Rail Industry Trends

CTA to issue bonds for capital improvements

The Chicago Transit Authority (CTA) board recently approved the issuance of $250 million in tax-exempt Capital Grant Receipt Revenue Bonds to help fund capital improvements, such as purchasing new rail cars and buses, and eliminating slow zones.

The authority’s five-year capital program includes $6.3 billion worth of unfunded projects that are necessary to reach and maintain a state of good repair, CTA said.

Contact Progressive Railroading editorial staff.

More News from 3/14/2008