The South Shore commuter line expects to complete the installation of positive train control within two years.
Passenger railroads are facing a Dec. 31, 2018, deadline to have PTC installed and operational. The Federal Railroad Administration has said that deadline won’t be pushed back again as it was last year.
“Our intention is to meet that deadline,” said South Shore President Michael Noland.
Noland said the South Shore, which operates between Chicago and South Bend, Indiana, has borrowed $100 million to pay for PTC and will be paying off that debt for the next 20 years.
About $80 million of that bond issue is for a contract with Parsons Transportation Group, which also will be installing PTC on Metra trains in Chicago.
The South Shore said it will begin installing PTC equipment in its 72 power cars in an addition that it is building at its Michigan City shops.