SEPTA's spending plan to defer or scale back infrastructure projects due to $3B shortfall - MoreThanTheCurve
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2 Articles
SEPTA's spending plan to defer or scale back infrastructure projects due to $3B shortfall - Around Ambler
SEPTA’s draft spending plan would defer or scale back 44 planned infrastructure projects because of a $3 billion gap between the costs of the work and available funding, The Philadelphia Inquirer reported. The transit agency plans to save $1.8 billion by pausing projects and reducing the scope of others. $1.2 billion would be borrowed to keep urgent projects moving forward. “Major construction cost increases in our industry are forcing us to def…
SEPTA's spending plan to defer or scale back infrastructure projects due to $3B shortfall - MoreThanTheCurve
SEPTA’s draft spending plan would defer or scale back 44 planned infrastructure projects because of a $3 billion gap between the costs of the work and available funding, The Philadelphia Inquirer reported. The transit agency plans to save $1.8 billion by pausing projects and reducing the scope of others. $1.2 billion would be borrowed to keep urgent projects moving forward. “Major construction cost increases in our industry are forcing us to def…
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