Will also invest $310 million into the $2.3 billion Red Line extension project extending line by 5.3 miles, with four new stations.
Funding will make major investments in locomotives and railcars, stations, bridges, and yards.
Budget highlights include $1.844 billion for bus and rail operations and $2.378 billion for various capital projects.
When the CPI increases over the prior two years, the agency is required to increase transit fares by a minimum of 10 cents.
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