Chicago Metropolitan Agency for Planning Policy Brief December 2025
Metra explores RRIF financing for bridge upgrades
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Description
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.
Contract Details
Contract Amount
$230 million RRIF loan (contemplated)
Vendor
METRA
Agency
Chicago Metropolitan Agency for Planning, IL
Contract Type
FINANCIAL_SERVICES
Document Date
December 1, 2025
Renewal Info
As this is under consideration, no definitive loan terms or renewal provisions are in place.
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