Well this is what the Sun-Times says that $2 billion is pledged towards.
The $3.7 billion Red Line extension has “advanced to the final phase” of the painstaking, federal funding process. The feds are making a $2 billion commitment to cover half the cost and authorizing CTA to advance to the engineering stage, which CTA President Dorval Carter Jr. called the “final step ... in order to begin construction.”Here's a WGN story about this which aired on the news yesterday. It features comments from Congresswoman Robin Kelly, Mayor Brandon Johnson, CTA Pres. Dorval Carter, and Ald. Anthony Beale as he will benefit from this new L branch. [VIDEO]
The CTA hopes to award an engineering and construction contract and begin preliminary work before the end of this year, then reach the final step — a full-funding grant agreement with the feds. That would pave the way for construction of the extension and four stations to begin in 2025.
“You have heard us talk about this project for decades, but I’m here to tell you the project is now happening,” Carter told a news conference at the Red Line Extension Community Outreach Center, 401 W. 111th St.
The Red Line extension includes new stations at 103rd; 111th Street near Eggleston Avenue; along Michigan Avenue near 116th Street; and the new terminus at 130th Street near Altgeld Gardens.
