So far, there's no word on whether CTA or Pace fare structures will change as a result of the switch to Ventra, or what sort of potentially controversial funding schemes will have to take place in order for an investor to back the Red and Purple Line projects. However, this hasn't stopped Cubic's own blog from proclaiming P3s (and specifically, Chicago's CTA projects) as "The Future of Transportation Funding."
Saturday, February 9, 2013
Public-Private Partnerships and the CTA
My latest piece for Gapers Block examines Chicago's upcoming Public-Private Partnerships to upgrade the city's public transportation infrastructure.