CHICAGO (CBS) — The renovation of the O’Hare branch of the CTA Blue Line has received a big boost from the federal government, which has provided a $120 million federal grant for the project.

Mayor Rahm Emanuel and U.S. Transportation Secretary Anthony Foxx were set to announce the federal funding for the four-year, $492 million Your New Blue project on Thursday.

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The modernization project will overhaul a 12-mile stretch of the Blue Line, between Grand and O’Hare.

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An estimated $25 million will go toward rebuilding the Jefferson Park station, which will get new canopies, lighting, escalators, stairs, and a bus drop area.

Mayor Rahm Emanuel has proposed using $5 million in tax increment financing to pay for Jefferson Park station project.

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CTA officials have said the project should allow trains to travel faster on the Blue Line, making for shorter commutes from the airport to downtown.