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- W599637918 abstract "The Regional Transportation Authority (RTA), emerging from reorganization and refinancing initiatives in 1983, was given a financial management and oversight responsibility separate from the three operating agencies: Chicago Transit Authority, Metra (Commuter Rail Service Board), and Pace (Suburban Bus Service Board). In recognition of the new roles of the public transportation agencies in the six-county Chicago metropolitan region and of the challenges and opportunities faced by the region, the RTA began a strategic planning project in 1985 with consulting assistance from Booz, Allen & Hamilton, Inc. and subcontractors McDonough & Associates and Mundle & Associates. As part of that project, an examination of funds availability and needs was undertaken to continue to operate the existing services at acceptable levels and quality of service. This paper summarizes some of the key results of that analysis including (a) the formulation of a life-cycle asset model to estimate future funding requirements based on existing age, expected service lives, maintenance and rehabilitation policies, and management policies on replacement criteria; (b) the results of sensitivity testing of key management and life-cycle assumptions on funding levels and priorities; (c) the comparison of historical and probable near-term funding levels against deferred capital and normal annual expenditures; (d) a discussion of market and finance oriented strategies for the RTA, which provide guidance to the formulation of programs for each service board and the RTA as a whole; (e) the presentation of basic criteria for investment analysis to be used in project prioritization and program formulation; and (f) the description of practical impediments to program execution in terms of implementation capacity and trade-offs between optimality and equity in investments." @default.
- W599637918 created "2016-06-24" @default.
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- W599637918 date "1988-01-01" @default.
- W599637918 modified "2023-09-28" @default.
- W599637918 title "STRATEGIC PLANNING AS A BASIS FOR CAPITAL INVESTMENT PROGRAMMING: CASE STUDY OF THE REGIONAL TRANSPORTATION AUTHORITY IN CHICAGO" @default.
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