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SEPTA Releases Capital Budget Proposals railwayage.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from railwayage.com Daily Mail and Mail on Sunday newspapers.
SEPTA released its proposed Fiscal Year 2023 Capital Budget and 12-Year Program. The proposed Capital Budget is a record-breaking plan – the first to break the billion-dollar mark, while the proposed 12-Year Program represents SEPTA’s largest-ever investment in the system at $11.4 billion – almost twice as large as the current program.
Last week, SEPTA’s Board approved an amended Capital Budget for the current fiscal year to add approximately $95 million in funding that has been made available through the recently enacted federal Infrastructure Investment and Jobs Act (IIJA), also referred to as the Bipartisan Infrastructure Law (BIL).