Chicago transit agencies are falling behind its needed capital investments. A new report estimates that the CTA, Metra, and Pace will need to spend $36 billion over the next decade to catch up.
Richard Wronski reports: "Chicago's three transit agencies have fallen $3 billion further behind previous years in investing in new equipment and maintaining existing trains, buses and infrastructure…" Those figures were released this week in a report by the Regional Transportation Authority.
"The new report… uses 84 pages of charts and data to paint a gloomy picture of the capital funding situation at the CTA, Metra and Pace," according to Wronski.
"Together, the three agencies need $36 billion over the next decade to address these needs, according to the RTA's Capital Asset Condition Assessment. That amount has grown by $3 billion since a similar analysis a year ago, the report said."
Read the full story: RTA report: Metra, Pace, CTA falling behind in funding for equipment
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