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Project Profiles

CTA 95th Street Terminal Improvement Project

Location

Chicago, Illinois

Project Borrower / Sponsor

Chicago Transit Authority

Program Areas

Project FinanceTIFIARevenue - Non-Road Pricing Revenue

Fiscal Year Approved Fiscal Year 2013

Mode

Intermodal Transit

Description

The existing 95th/Dan Ryan Terminal is an intermodal transit hub that connects commuters to 13 bus routes and serves as the terminus of the Chicago Transit Authority's (CTA) Red Line. The 9.4-mile Dan Ryan Branch of the CTA Red Line ends at the 95th Street Terminal. This station is integral in connecting residents in Far South Side communities and suburbs to jobs throughout the region. The design of the current terminal leads to overcrowding of passengers and congestion for bus traffic utilizing the station. Due to station configuration, many passengers use terminal areas for street access, posing safety risks to commuters.

The project will rehabilitate the current 95th Street Bus and Rail Terminal, which dates from 1969, with an expanded modern facility. As part of the CTA 2013-2017 Capital Improvement Plan, the Dan Ryan Branch is being fully reconstructed. This project consists of a redesign of the existing terminal to provide more space and improve mobility of passengers in and around the station. Specific project improvements include:

  • Expansion of the North Station through construction of ground level retail and additional passenger circulation areas
  • Construction of a new, 3-story South Station (two levels above ground and one platform level below)
  • Increased lighting and security cameras
  • Expansion of sidewalks and bus lanes to reduce congestion
  • Full wheel-chair accessibility
  • Traffic signal improvements to increase the number of peak hour buses capable of circulating through the terminal
  • Sound panels at platform level to reduce noise in the terminal

Cost

$240 million

Funding Sources

TIFIA Loan - $79.2 million

Illinois DOT - $50 million

Chicago Transit Authority Funds - $47.6 million

RTA Bond Proceeds - $35 million

TIGER Grant Proceeds - $18.2 million

Federal Bus Livability Grant - $10 million

Project Delivery/Contract Method

Design-Bid-Build

Private Partner

None

Project Advisors/Consultants

To the Borrower:

  • The PFM Group - Financial Advisor
  • Charity & Associates PC - Counsel to the Borrower

To USDOT JPO:

  • TIFIA Legal Advisor: Hawkins Delafied & Wood, LLP
  • TIFIA Financial Advisor: IMG Rebel Group
Lenders Bondholders, USDOT TIFIA

Duration/Status

Construction commencement is schedule for mid-2014 after the completion of the Red Line South reconstruction project. The project is expected to reach substantial completion in 2016.

TIFIA Credit Assistance

Direct loan: $79.2 million

TIFIA loan will be repaid with fare box revenue

Financial Status

CTA was awarded a $20 million TIGER IV grant in June 2012.

The TIFIA credit agreement was executed on April 24, 2014.

Innovations

Project improvements will accommodate approximately six additional buses (including two larger bays for articulated buses), increase enclosed or canopy-covered space by approximately 30,000 square feet, and expand platform length to accommodate 10 car trains (currently accommodates eight car trains).

Related Links/Articles

CTA 95th Street Terminal Improvement Project Website

Contacts

Tom McKone
Budget, Management, and Capital Finance
Chicago Transit Authority
567 West Lake Street
Chicago, IL 60680
312-681-3470
tmckone@transitchicago.com

Federal Highway Administration | 1200 New Jersey Avenue, SE | Washington, DC 20590 | 202-366-4000
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