New SEPTA Budget Proposal Looks to Overhaul Transportation Infrastructure
If the recent plans set out by SEPTA in its ambitious budget proposal come to fruition, Philadelphia could see its entire transportation system get an overhaul over the next twelve years, writes Claire Sasko for Philadelphia Magazine.
The transportation agency has proposed a budget of $727.2 million which is $180 million more than last year. The additional funding will go towards implementing SEPTA’s “Rebuilding the System” initiative. This aims to completely overhaul the region’s aging transportation infrastructure.
The proposal would cost $7.3 billion over 12 years, and would secure fleets of new vehicles, repair and reconstruct bridges, rail, and subway stations, as well as vehicle maintenance facilities. Some of the funds would also be directed towards updating safety and security.
The plan for this year requires around $351 million from the state, $213 million in federal funding, approximately $150 million from SEPTA capital financing, and the remaining $11.6 million from local sources.
About a third of this would go towards new vehicles including electric and hybrid buses and new trains. The second largest project that would take up 13.7 percent of the total would be allocated to SEPTA Key, SEPTA’s new fare payment system.
Read more about the proposed SEPTA budget at Philadelphia Magazine by clicking here.
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