The Southeastern Pennsylvania Transportation Authority (SEPTA) says its pausing construction of the King of Prussia rail due to rising costs which have been “exacerbated by inflation and high interest rates.'
The Southeastern Pennsylvania Transportation Authority says its pausing construction of the King of Prussia rail due to rising costs which have been "exacerbated by inflation and high interest rates."
"In discussions this week, the Federal Transit Administration raised concerns about whether SEPTA could fund its share of the project, which would include any cost overruns. SEPTA’s capital budget is constrained compared to peer transit agencies that have more state and local funding available," a statement shared Friday read.
SEPTA says its budget is tighter than transit agencies in other cities that have more state and local funding available, making the KOP rail extension impossible to handle with other "critical projects," including the Market-Frankford Line fleet replacement, Trolley Modernization, and accessibility improvements.
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