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Chicago looks for public-private partnership to finance O'Hare express train

from Chicago Tribune

The city has issued a Request for Qualifications, or RFQ, for respondents to offer their credentials to design, build, finance, operate and maintain an express service through a public-private partnership with Chicago. The cost of the project is unknown, although an industry source familiar with the planning has said it could run between $1 billion and $3 billion. The RFQ stipulates that there would no taxpayer funding and that the service would be paid for only by project-specific revenues, such as fares and advertising, and financed by whoever gets the concession. more


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