Location | Chicago, Illinois |
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Project Sponsor / Borrower | City of Chicago, State of Illinois |
Program Areas | |
Value Capture Techniques | Private Contribution |
Mode | Multimodal (freight rail, passenger rail and highway) |
Description | The Chicago region is the world's third busiest intermodal hub, covering approximately 16,000 acres. It's also where six of the seven Class I freight railroads converge and where nearly a quarter of the nation's rail shipments arrive or pass through. The CREATE project is maximizing the use of four train transportation corridors, including three primarily handling freight traffic and one primarily handling passenger traffic. The project involves 70 improvements, including:
Selecting the improvements for CREATE was a collaborative process between the freight railroads, State of Illinois Department of Transportation, City of Chicago Department of Transportation, Metra and Amtrak. Input on grade crossings and traffic congestion was considered from the Illinois Commerce Commission and Chicago Area Transportation Study. Six private freight railroads have contributed their own equity to support the project. They include: BNSF Railway, Canadian Pacific Railway, CN, CSX Transportation, Norfolk Southern Corporation and Union Pacific Railroad. The railroads are represented by the American Association of Railroads. |
Cost | $4.6 billion |
Funding Sources | $1.6 billion has been committed to date:
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Project Delivery / Contract Method | Primarily Design-bid-build and internal railroad capabilities (Force Account) |
Private Partner | Equity partners - BNSF Railway, Canadian Pacific Railway, CN, CSX Transportation, Norfolk Southern Corporation and Union Pacific Railroad |
Project Advisors / Consultants | Jacobs, Inc. HNTB Parsons Transportation Group, Inc. Edwards and Kelcey Design Services Patrick Engineering TransSystems Corporation Hanson Professional Services, Inc. Alfred Bensch & Co. |
Lenders | Bondholders |
Duration / Status | The program was launched in 2003. As of April 2019:
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Financial Status | Unfunded portion - approximately $3 billion |
Innovations |
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Related Links / Articles |
USDOT Webinar on Freight Planning (Oct. 19, 2016) - Presentation |
Contacts | Guy Tridgell |