With Overall Revenue Down From the Pandemic, SEPTA Projects Falter
SEPTA’s current funding problems, brought on by the pandemic, could indefinitely stall critical projects like the extension of the Norristown High Speed Line to King of Prussia, writes Gary Puleo for The Pottstown Mercury.
The Norristown High Speed Line extension project was seen as a way to strengthen regional growth and offer better access to employment opportunities in King of Prussia.
The pandemic has triggered revenue losses across the board, effecting $250 million in funding SEPTA normally receives from the turnpike and elsewhere for capital project work.
Right now, there are no SEPTA projects on a delay list.
That means with the $250 million shortfall, there are currently no funds for the King of Prussia extension work, no replacement of an aging regional rail fleet, no bridge or station renovations, no trolley modernization or electric bus procurement.
SEPTA is also anticipating a $400 million shortfall in its operating budget over three fiscal years, the first time SEPTA has experienced a capital and operating budget crisis at the same time.
“We’re hoping to talk to the state and work toward finding a way to resolve this,” said Andrew Busch, SEPTA Chief Press Officer.
Read more about SEPTA’s funding dilemma here.
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