Illinois Gov. Bruce Rauner and U.S. Transportation Secretary Elaine Chao joined rail executives to unveil $474 million in planned upgrades to the 75th Street Corridor Improvement Project, a key segment of create.
Officials say that when the new construction is finished in 2025, railroads and the economy of local communities will enjoy as much as $3.8 billion in benefits. The corridor project is aimed at relieving congestion through which as much as 25 percent of U.S. freight traffic passes and well as 30 daily Metra passenger trains.
According to news releases, Illinois taxpayers will pay $111 million of the project’s tab, freight railroads will pay $116 milllion; the City of Chicago, $9 million; Cook County, Ill., $78 million; Metra and Amtrak, $28 million; and the U.S. Department of Transportation, $132 million.
More information is available online.
