SEPTA Proposes $1B Capital Budget

Philadelphia-based Southeastern Pennsylvania Transportation Authority has proposed a capital budget for fiscal year 2023 that will be the first to top the $1 billion level.

The agency’s governing board will consider the $1.162 capital budget during its June meeting.

Staff also recommended a $11.4 billion 12-year capital spending plan. If approved the FY2023 budget would become effective on July 1.

In a news release, SEPTA said the “core of this budget” is funding coming from the Infrastructure Investment and Jobs Act.

The budget also includes newly bondable state funding and federal Congestion Mitigation and Air Quality Improvement funds.

Among the highlights of the proposed capital spending are $18.49 million for SEPTA’s bridge program; $104.89 million for communications, signal systems and technology improvements; $54 million for the infrastructure safety renewal program; and $33.79 million for maintenance/transportation shops and offices.

Other capital funding would include $143.99 million for “projects of significance,” including Bus Revolution ($13.26 million), King of Prussia Rail ($40.04 million; to extend the existing Norristown High Speed Line four miles into King of Prussia), Rail Vehicle Procurement ($5.77 million; Market Frankford Line and Regional Rail), and Trolley Modernization ($84.92 million).

SEPTA would allocate $31.58 million for safety and security improvements; $12.71 million for service restoration and enhancements; $88.69 million for stations, loops and parking improvements; $25.07 for substations and power improvements; $7.92 for track and right-of-way improvements; $273.11 for vehicle acquisitions and overhauls; and financial obligations of $56.79 million in capital leases and $305.48 million in debt service.

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