Metra explores RRIF financing for bridge upgrades
Chicago Metropolitan Agency for PlanningMPO · Chicago, IL- Disclosed value
- $230 million RRIF loan (contemplated)
- From report
- Document date
- Dec 1, 2025
The 30-second brief
Metra is evaluating a $230 million RRIF loan to fund replacement or rehabilitation of aging bridges on its commuter network, leveraging low-interest federal rail credit to avoid issuing higher-cost revenue bonds. Repayment would come from existing fare and tax revenues if the loan is pursued.
METRA holds this financial services contract with Chicago Metropolitan Agency for Planning. Its other public contracts on record include work for La Grange village and Village of Libertyville.
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Contract details
- Contract type
- Financial Services
- Amount
- $230 million RRIF loan (contemplated)
- Document date
- December 1, 2025
- Vendor
- METRA
- Source document
- Chicago Metropolitan Agency for Planning Policy Brief December 2025 (Report)
METRA's other public contracts
More Chicago Metropolitan Agency for Planning contracts
Questions about this contract
Who was awarded the financial services contract by Chicago Metropolitan Agency for Planning?
METRA was awarded this financial services contract by Chicago Metropolitan Agency for Planning, as recorded on December 1, 2025. The contract value is $230 million RRIF loan (contemplated).
How much is the METRA contract with Chicago Metropolitan Agency for Planning worth?
The METRA contract with Chicago Metropolitan Agency for Planning is valued at $230 million RRIF loan (contemplated), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a report record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in Chicago Metropolitan Agency for Planning Policy Brief December 2025 (Report), dated December 1, 2025 from Chicago Metropolitan Agency for Planning. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does METRA hold?
METRA may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Chicago Metropolitan Agency for Planning currently buying?
Explore Chicago Metropolitan Agency for Planning's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.