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RTA logo Ventra Base Component Fee

Project Description

When Pace entered into the agreement with CTA and Cubic to develop and install the Ventra System for Pace it was determined that a significant portion of the development costs for Pace participation would be amortized over the 10 year life of the project. This cost known as the "base component fee" amounts to $100,360 per month for the 10 year period. ICE Funding will be used to pay the monthly base component fee for the first two years of project inclusion in the ICE program as they will support the development of innovative new technologies that enhance the customer experience while improving the coordination of services between the service boards. Funding: 2015 ICE: $1,200,000

 
Status
Status:Completed
Program:Innovation, Coordination, and Enhancement
Program Year:2015
Project Type(s):Capital
Grantee:Pace
Current Activities:The project is complete.
Information Updated:November 2018
 
Funding
RTA:$1,200,000.00
Local:$0.00
Federal:$0.00
Total:$1,200,000.00
 
Project Documents
none
 
Related Studies
none
 
Related Transit Assets
none
 
Related Jurisdictions
Not Available

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