Major investments across CTA, Metra, and Pace will occur during the the 2026-2030 Capital Program thanks to investment from state and federal sources, including the CTA Red Line Extension, modernization of Metra’s rolling stock and bridges, electrification of CTA and Pace’s bus fleets and facilities, and continued work to make all CTA and Metra rail stations accessible. These projects will not only strengthen service reliability but enhance access to opportunities throughout the region and improve the day-to-day rider experience.
Despite these investments, the long-term capital needs of a large legacy transit system like Chicago are great. The 10-year regional capital funding need articulated in the report is $44.6 billion. RTA’s Strategic Asset Management group has calculated that it would take an annual investment of $4 billion per year over the next 20 years to bring the system into a state of good repair and additional funds are needed to expand and improve the existing system. The current five-year program averages less than $2 billion per year, leaving a big gap compared to the capital need. The current capital program relies heavily on CTA bonds, which has proven to be an unsustainable funding source. The region needs to continue to develop more sustainable funding streams to increase capital funding to maintain and improve the transit system.
SB 2111 does include new capital revenue in the form of interest on the Road Fund balance, which means an additional $180 million for the RTA region annually. That increase is not reflected in this budget but will be added to the program through the capital budget amendment process in 2026.