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Rail News Home Passenger Rail

6/30/2021



Rail News: Passenger Rail

SEPTA approves FY2022 operating, capital budgets


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Southeastern Pennsylvania Transportation Authority's (SEPTA) board this week approved operating and capital budget proposals for fiscal-year 2022 that fund daily operations and major improvement projects. The fiscal year runs from July 1, 2021, through June 30, 2022.

The $1.52 billion operating budget will provide funding for SEPTA to increase service levels in support of the region's recovery from COVID-19 without a fare increase, agency officials said in a press release.

The budget covers the cost of daily operations, including labor, energy, fuel, cleaning activities and security. It also incorporates a number of initiatives SEPTA has launched as part of its first-ever efficiency and accountability program.

The FY2022 capital budget and 12-year program lay out the authority's vision for continuing core infrastructure improvements and advancing projects of significance for the region, including:
• over $200 million for trolley modernization during the 12-year program, including $30 million in FY2022;
• advancing station improvements to bring full ADA accessibility to the Market-Frankford and Broad Street lines by 2033; and
• replacing one of the oldest rail fleets in the nation, including trolley cars, the Market-Frankford Line fleet and Silverliner IV Regional Rail vehicles.

 



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