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Proposal to let agency borrow to boost Chicago-area freight-rail capacity

A proposal to create a dedicated funding source to better handle the growing volume of freight moving through the Chicago area was presented Wednesday to the chief planning group for the metropolitan region.

The report by a task force of the Chicago Metropolitan Agency for Planning included the option to, for the first time, give CMAP borrowing authority, using the proposed Metropolitan Chicago Freight Fund as a revenue stream to issue and repay bonds…Please click here o read Jon Hilkevitch’s story in the Tribune.

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