October 1, 2013
Bloomberg data shows that at least $10 billion of Grant Anticipation Revenue Vehicles sold by states or transit systems and backed by federal highway or transportation aid are outstanding in the $3.7 trillion muni market. While federal funds will continue to pay debt on the highway bonds, appropriations for the securities through the FTA would be affected by the shutdown.
March 27, 2013
Half of the bond money would go to the first segment of the line. The project still needs to weather lawsuits over the next couple of months. The lawsuit rulings could stall the funds.
February 10, 2010
Through a competitive RFP process, CTA selected Bombardier Transit Corp. located in Bensalem, Penn. for the contract.
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