CTA receives approval for $120-million TIFIA loan for Blue Line upgrade project

摘要

The Chicago Transit Authority (CTA) has been approved for a $120-million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan by the U.S. Department of Transportation to be applied toward the Your New Blue project. The $492-million Your New Blue project represents the largest investment in the O'Hare branch of the CTA "L" system since it was extended to O'Hare International Airport in 1984. "By modernizing the Blue Line, we are investing in Chicago's future, as it not only serves as a vital transportation link connecting O'Hare and downtown, but it serves as a key economic engine for scores of Chicago neighborhoods," said Chicago Mayor Rahm Emanuel. "This federal funding will help us ensure that we build the infrastructure Chicago needs to succeed economically in the 21st Century."