Today I am in Chicago with Mayor Richard Daley, where I am announcing the city has been chosen to receive a $153.1 million Congestion Reduction Grant that will cut traffic, improve transit, and reduce pollution. Under the terms of the agreement, USDOT will help fund four new bus rapid transit routes along heavily congested corridors in downtown Chicago, and the City will implement a high-tech, variable pricing system for all on-street parking to reduce congestion associated with circling cars and underpriced parking.
This partnership is a great example of the kinds of bold solutions to decades-old problems we at the Department of Transportation are so excited about. Mayor Daley has taken an aggressive approach to Chicago’s traffic and congestion concerns, and has embraced innovative financing in exciting ways. With the Chicago Skyway and Grant and Millennium parking facilities already serving the city through public-private partnerships, Mayor Daley and his city are leading the way in our transportation revolution.
View the press release for more information on today’s Congestion Reduction announcement, and the plan it will help fund.