Railway upgrade predicted to trim delays, boost economy by $4B
Gov. Bruce Rauner and a handful of public officials and private-sector partners touted a spending plan for railway infrastructure slated to boost Illinois’ economy by approximately $3.8 billion.
A subset of CREATE, the Chicago Region Environmental and Transportation Efficiency Program, the $474 million investment will eliminate traffic conflicts and increase the capacity of the 75th Street Corridor, according to a press release from Rauner’s office.
The intersection ranks as one of the nation’s busiest, with 100 trains traversing it every day, the press release stated.
The project is projected to eliminate 32,000 hours of commuter delay and will wrap up in 2025. Rauner told reporters the project would help cement the state’s brand as a transportation center.
“Today we mark the final phase of preparation for this important transportation infrastructure project,” Rauner said, in the press release. “It is the culmination of years of teamwork and planning by industry and government that will result in more efficient and more productive flows of goods, services, and people in our region and in the nation as a whole.”
The U.S. Department of Transportation provided $132 million toward the project, with the remaining contributed by the state, railroad industry partners, Cook County, Metra and Amtrak, and the city of Chicago.