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Home Real Estate

SEPTA halts King of Prussia rail mission as a consequence of rising prices, underfunded capital price range

March 19, 2023
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The Southeastern Pennsylvania Transit Authority mentioned Friday that it’s pausing all work on the King of Prussia Rail Line as a consequence of rising prices and an absence of flexibility in its capital price range.

The regional transit system mentioned in an announcement that growing prices on the mission have been worsened by inflation and excessive rates of interest.

SEPTA mentioned it’s hitting the brakes on the KOP Rail Line after it obtained notification from the Federal Transportation Administration that the mission was not beneficial…



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Tags: BudgetCapitalCostsduehaltsKingProjectPrussiarailRisingSEPTAunderfunded
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