Accessibility

CTA, Metra and Pace to use current revenue for operations

Posted on March 4, 2013

For the first time in 10 years, the Chicago Transit Authority, Metra and Pace will rely on current and recurring revenues to cover operations, according to the Regional Transportation Authority (RTA).

"They will no longer use capital funds or one-time measures to cover operating expenses,” said John S. Gates, Jr., RTA board chairman.  

“Our transit system is on more solid financial footing because critical capital funds won’t be transferred to operations but will be used for their intended purpose, to improve the transit system by purchasing and maintaining the equipment, facilities, and technology needed to improve the customer experience,” Gates said. “The service boards deserve credit for incorporating operational efficiencies to balance their budgets on a sustainable basis.”

Chairman Gates further noted that the budgets continue to fund the employee pension plans on a sound actuarial basis.

The RTA has worked diligently to coordinate and oversee the agencies while they face downward funding trends and aging infrastructure. Though transit is still in need of billions of dollars in funding, the service boards are poised to leverage capital funding in the coming years for critical transit projects including slow zone eradication, security cameras, reconstruction of Metra stations and transit infrastructure along the I-90 corridor.

Capital funding will be used largely for rolling stock renewal and other projects aimed at taking care of the existing system. Specific projects funded in the 2013-2017 capital programs include:

CTA
•    Slow zone eradication     
•    Wilson Station reconstruction
•    3,000 security cameras     
•    400 Bus-Tracker displays
•    Ventra open fare payment system roll-out     
•    Station renew crews

Metra
•    Introduction of Highliner train cars     
•    Train car rehabilitation
•    Reconstruction of Cicero and Fox River Grove stations     
•    Bridge replacement and rehabilitation

Pace
•    Purchase of coaches for I-55 Bus on Shoulder service expansion      
•    Bus and van replacements
•    I-90 corridor transit infrastructure      
•    Paratransit vehicle replacements
•    Construction and improvement of garages

Although the capital-to-operating transfers have stopped, Chairman Gates calls attention to the fact that the transit system still needs significantly more funding for further maintenance, enhancement and expansion. An RTA asset condition evaluation completed in December 2012 determined that the system has a 10-year capital need of $30.9 billion to achieve a state of good repair.

The RTA is leading a national effort to advocate for long-term federal funding through the "Getting America to Work" campaign.



View comments or post a comment on this story. (0 Comments)

More News

NYC Transit hires first-ever accessibility chief

Tasked with overseeing and implementing initiative to expand accessibility to subway and bus customers, and improve paratransit service.

ABQ RIDE ads 44 Glavals for Sun Van paratransit service

Just like more recent models of Sun Vans, the new Glaval models still carry up to 14 riders, with room for as many as three wheelchair passengers.

NYC Transit continues work to improve rail accessibility

The 86 St R project will add elevators and reconfigure station infrastructure — such as handrails, turnstiles and powered gates, Braille signage, and platform panels — for full accessibility.

U. of Minn. measures effects of congestion on access to jobs by car

Los Angeles is the top Metro area for loss in job accessibility due to congestion.

Space Coast community event to feature Q'Straint's Quantum system

The system is designed to ensure new levels of rider independence, safety, and dignity.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close