Leslie S.Richards Andrew Busch state Pennsylvania city Norristown 2020 prevention CEO Citi Provident Leslie S.Richards Andrew Busch state Pennsylvania city Norristown

SEPTA pauses King of Prussia rail project citing rising costs worsened by inflation and interest rates

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PHILADELPHIA - The Southeastern Pennsylvania Transportation Authority (SEPTA) says its pausing construction of the King of Prussia rail due to rising costs which have been "exacerbated by inflation and high interest rates."Spokesperson Andrew Busch told FOX 29 that SEPTA will use resources that had been allocated for KOP Rail to bolster essential infrastructure work.

The largest factor that's preventing SEPTA from continuing work on the rail extension is the lack of flexibility in SEPTA’s capital budget, according to Busch. "In discussions this week, the Federal Transit Administration raised concerns about whether SEPTA could fund its share of the project, which would include any cost overruns.

SEPTA’s capital budget is constrained compared to peer transit agencies that have more state and local funding available," a statement shared Friday read.

The project, according to KingOfPrussiaRail.com, planned to extend the existing Norristown High Speed Line four miles into King of Prussia.

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