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The F59PHIs, which were built by the Electro-Motive Division of GM in 1998 and have been rehabbed within the last five years, have similar parts and operating characteristics to Metra’s existing fleet of EMD F40s, some of which are 35 years old and are in need of overhaul.
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The Chicago Transit Board also approved a $2.7 billion five-year capital budget for 2018-2022, continuing more than $8 billion of historic transit investment completed, begun or announced by Mayor Rahm Emanuel since 2011.
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Upon adoption, the fare increase will generate $23 million for CTA operations, while the capital budget includes a new revenue stream from ride-hailing fees that will pay for projects that improve CTA infrastructure and service.
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While transportation costs accounted for the second-largest household budget category behind housing expenses in both 1989 and 2016, transportation expenditures relative to housing costs declined from 61.6% in 1989 to 47.9% last year.
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Design-build minimizes risk, reduces delivery time, keeps budgets in line, and mitigates funding partner concerns throughout project duration. With traditional design-bid-build, owners, designers, and contractors are segregated from design concept to final construction.
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The total project cost included in the new plan remains at $8.165 billion for capital costs exclusive of finance charges, with full revenue service scheduled for December 2025.
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Purchasing a new or used vehicle is a huge expense, so it’s important to understand why you need the new piece of equipment, how you will use it, and what financial information needs to be provided.
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If no solution is found by Sept. 15, the federal government could demand that Honolulu return more than $800 million it has already spent and withhold the rest of a promised $1.5 billion funding package.
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The Honolulu Authority for Rapid Transportation has a September 15 deadline to submit its financial plan to the Federal Transit Administration.
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Mayor Carlos Gimenez’s $534 million proposal for rapid-bus routes would indefinitely defer the Metrorail expansion promised voters in 2002 during a referendum for a half-percent transportation tax.
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