SEPTA’s plan to extend rail service to the King of Prussia was incorporated into a nationwide program on Monday, putting the project online for a possible increase in federal funding, the Philadelphia Business Journal reports.
The Federal Transportation Administration’s capital grant program allocates funds under its New Starts program for light, heavy, and commuter rail, streetcar, and bus rapid transit projects. The New Starts program provides $ 2.3 billion per year in federal funding for transit projects across the United States, including extensions to existing systems like the Norristown high-speed line.
The $ 2 billion rail line would connect the city center and university town to the King of Prussia, a hotbed of suburban development. The proposal would add 4.4 miles to the Norristown high-speed line, reports PBJ.com.
SEPTA said it would seek up to 50% of the project’s funding from the Federal Transit Administration’s New Starts program.
PBJ.com examines how SEPTA officials qualify entry into the New Starts program as a “critical step.”
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