SEPTA’s $ 2 billion King of Prussian Railway proposal enters federal funding package – NBC10 Philadelphia

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

SEPTA said it would seek up to 50% of the project’s funding from the Federal Transit Administration’s New Starts program. examines how SEPTA officials qualify entry into the New Starts program as a “critical step.”

Get the latest business news from NBC10 partner at the Philadelphia Business Journal.

About Edward Fries

Check Also

German bank pledges Rs 4,000 cr for commuter train project

German bank pledges Rs 4K cr for commuter train project Sources said officials have been …

Leave a Reply

Your email address will not be published.