(CHICAGO) — The CTA is set to receive a nearly $2 billion federal grant to cover over half the cost of the 5.6-mile Red Line extension.
After 50 years of political promises and baby steps, the promise former Mayor Richard J. Daley made when he opened the 95th Street station in 1969 is finally nearing the finish line.
The $3.7 billion Red Line extension has “advanced to the final phase” of the painstaking, federal funding process. The feds are making a $2 billion commitment to cover half the cost and authorizing CTA to advance to the engineering stage, which CTA President Dorval Carter Jr. called the “final step … in order to begin construction.”
The CTA hopes to award an engineering and construction contract and begin preliminary work before the end of this year. Construction of the extension and four stations would begin in 2025.
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