Work on extending the Norristown High Speed Line in Philadelphia has come to a screeching halt due to lack of funding.
The Southeastern Pennsylvania Transportation Authority said the four-mile extension to King of Prussia, Pennsylvania, is being paused after the Federal Transit Administration declined to approve a grant for the project.
A SEPTA news release also cited rising costs due to inflation and high interest rates as other factors that led to the project being halted.
In declining to provide a grant for the project the FTA said it had concerns over whether SEPTA would be able to come up with its share of the project costs.
That included covering cost overruns for the project, which has ballooned from an estimated $2.08 billion in August 2020 to $3.02 billion today.
“SEPTA’s capital budget has been underfunded for decades,” SEPTA CEO Leslie S. Richards said in a statement. “This has left the Authority with significantly fewer resources than peer agencies to pursue system expansion while also addressing critical infrastructure needs. With the funding we have currently, SEPTA must prioritize essential infrastructure work and safety and security improvements to maximize the reliability and effectiveness of our aging system.”
SEPTA said it has spent about $53 million so far on the project since 2012.