CTA and Pace launch unlimited ride passes that work on both systems

CHICAGO (CBS)-- Riding public transit is about to get easier.

The CTA and Pace just announced a new pass-sharing program.

Starting next Monday Unlimited ride passes purchased through the CTA or Pace will work on both systems. Daily passes will still cost $5. The price for three-days will be $15 and a weekly pass will drop to $20. 

Transit leaders say the new system will make public transit more affordable and make it easier for pace and CTA to share revenue.