Rail

CTA to issue bonds for new railcars

Posted on February 10, 2010

The Chicago Transit Board approved an ordinance authorizing the Chicago Transit Authority (CTA) to issue revenue bonds that will allow the agency to purchase 406 railcars.

When the procurement began in 2006, CTA programmed the issuance of bonds as part of its capital spending. The agency now will move forward with those plans. The amount for the bonds is not to exceed $550 million. The total cost of the railcars is $674 million.

In 2006, CTA ordered 406 new railcars. The contract contains additional options that could bring the total purchase to 706 cars. The Federal Transit Administration (FTA) and Illinois Department of Transportation (IDOT) also provided some capital funding for the railcars.

The railcars will replace older railcars that are 30 years old to 40 years old, such as the 2200-series Budd cars that were purchased in 1969-70, as well as the 2400-series Boeing-Vertol cars purchased in 1976-78.

The new railcars — the prototypes of which are undergoing testing on CTA's system — have upgraded features such as security cameras, aisle-facing seating and AC, or alternating current, traction motor propulsion.

CTA's last railcar purchase was in the 1990s when 3200-series cars were purchased for the opening of the Orange Line, and to replace older cars on the Brown and Yellow Lines.

Through a competitive RFP process, CTA selected Bombardier Transit Corp. located in Bensalem, Penn. for the contract.  

 

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

More News

Siemens wins New York Communications-Based Train Control contract

The $156 million contract is to install the system on the Queens Boulevard Line, one of the busiest subway lines on the New York City Transit system.

Bike repair kiosks coming to select MARTA stations

MARTA partnered with the Atlanta Bicycle Coalition, a bike advocacy and rider education organization, to initiate the campaign and identify locations for the repair kiosks.

Sacramento RT's Blue Line extension begins service

The expansion offers local commuters an alternative to congested Highway 99 and brings new transit service to the area’s major employers. It will also encourage new retail and residential development in specially zoned areas along the light rail line.

Ariz.'s Valley Metro extends rail line into Downtown Mesa

Seven months ahead of schedule and on budget, the additional 3.1-miles of service on Main Street between Sycamore Drive and Mesa Drive was greeted with big cheers from riders, business owners and local leaders.

San Diego MTS offers free video-on-demand service on trolleys

First U.S. public transportation system offering mobile-based multi-channel VOD

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 resource for managers of class 1-7 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