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

Caltrain hosts groundbreaking for electrification project

The project will electrify the Caltrain corridor between San Francisco and San Jose and will equip the corridor with high-performance electric trains.

Lhota unveils New York City subway action plan

The announcement comes fewer than 30 days after Gov. Andrew Cuomo declared New York City’s subways to be in a state of emergency and directed Chairman Lhota to provide a plan for immediate action that puts customers first.

Canadian infrastructure bank possible financing option for U.S.-Canada high-speed line

The Trudeau government’s soon-to-be-launched, $35-billion infrastructure bank will seek to use public funds as leverage to attract billions more in private investment for major infrastructure projects, such as bridges, transit systems, and rail lines.

Joint venture selected to operate new Hartford commuter rail

TransitAmerica Services and Alternate Concepts has been selected as the service provider that will operate and manage service on the CTrail Hartford Line — the passenger rail service currently under construction.

Keolis, MBTA to improve commuter rail ticket checking

Estimates suggest that up to $24 million in uncollected fare could be recovered through a ticket-checking modernization initiative and other tactics.

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