The Chicago Transit Authority (CTA) announced on June 8, 2016 that the Federal Transit Administration (FTA), the top federal oversight agency for transit agencies, gave the CTA a perfect score on its FTA Triennial Review and found no deficiencies across multiple categories and departments.
The U.S. Department of Transportation (USDOT) on March 30, 2016 announced the closing of a $255 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to the Chicago Transit Authority (CTA) to buy new railcars, helping to modernize one of the oldest and busiest transit systems in the country.
In the largest single purchase of rapid transit cars in Chicago history, the CTA (Chicago Transit Authority) on March 9, 2016 awarded a $1.31 billion contract to China-based CSR Sifang America Joint Venture for 846 7000 Series cars. CTA will initially purchase a base $632 million order of 400 cars, with options to purchase the remainder in coming years.
Cubic Transportation Systems (CTS), a business unit of Cubic Corp., on Nov. 19, 2015 released the Ventra Mobile App for Chicago Transit Authority rapid transit, Metra regional/commuter rail and Pace suburban bus riders. The “one-stop” mobile app gives transit riders the ability to plan, manage and pay for their journeys for each of the region’s agencies.
Ridership on Chicago Transit Authority (CTA) operations fell 3% during 2014, driven by an 8% decline in bus ridership, CTA’s largest clientele, and overshadowing a gain in rail ridership of 3.9% measured against 2013 totals.
The Chicago Transit Authority on Monday, Oct. 28, 2013, objected strongly to a downgrade of its credit rating made last week by Moody’s Investors Service.
Chicagoland’s Regional Transportation Authority (RTA) Board of Directors, has adopted a 2013 Regional Transit Strategic Plan, charting RTA’s investment during the next five years.