CHICAGO — The Chicago Transit Authority has tapped its chief financial officer Karen Walker to focus on its public-private partnership efforts to fund major light-rail expansion and renovation projects and has hired Ronald DeNard from the private sector to fill the CFO spot.

Walker will serve as senior advisor to CTA president Forrest Claypool on P3 efforts. “Karen will guide the CTA’s effort to identify public-private partnership opportunities to fund the $1.5 billion needed to extend the Red Line from 95th Street to 130th Street and the estimated $4 billion to modernize the Red and Purple Lines,” CTA spokeswoman Tammy Chase said in a statement.

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