CHICAGO — The Regional Transportation Authority of Illinois will receive $442 million in long-awaited state bonding proceeds for capital projects, representing the first installment of $2.7 billion of transit funding in the state’s capital budget, Gov. Pat Quinn announced Thursday.

“Our mass transit systems drive Illinois’ economy and we must invest in them to continue our economic recovery and create jobs,” Quinn said at a news conference where he announced $500 million for transit projects. “This important capital investment will improve the safety, reliability and efficiency of the public transportation systems that people throughout Illinois rely on.”

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