$1 Billion Agreement To Help Modernize Chicago Transit Lines

In this Sept. 17, 2014 file photo, two Chicago Transit Authority elevated trains can be seen above Wabash Avenue in Chicago’s famed Loop.
In this Sept. 17, 2014 file photo, two Chicago Transit Authority elevated trains can be seen above Wabash Avenue in Chicago's famed Loop. Charles Rex Arbogast/AP, file
In this Sept. 17, 2014 file photo, two Chicago Transit Authority elevated trains can be seen above Wabash Avenue in Chicago’s famed Loop.
In this Sept. 17, 2014 file photo, two Chicago Transit Authority elevated trains can be seen above Wabash Avenue in Chicago's famed Loop. Charles Rex Arbogast/AP, file

$1 Billion Agreement To Help Modernize Chicago Transit Lines

CHICAGO (AP) — Officials say a $1 billion funding agreement with the federal government will help modernize Chicago’s Red and Purple lines as part of a public transit construction project to create an estimated 6,000 jobs.

The project being announced Monday is described by the Chicago Transit Authority as the largest capital project in the transit agency’s history. Word of the grant funding for President Barack Obama’s hometown comes as he prepares to leave office.

The CTA says the grant money comes after Mayor Rahm Emanuel worked to get a special taxing district approved.

The funding will help rebuild the Lawrence, Argyle, Berwyn and Bryn Mawr rail stations and roughly a mile of adjacent tracks and track structure. It will also construct a Red-Purple bypass to improve service while reducing delays and overcrowding.