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

Dinero Post by Dinero Post
March 19, 2023
in Real Estate
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The Southeastern Pennsylvania Transit Authority stated Friday that it’s pausing all work on the King of Prussia Rail Line as a consequence of rising prices and a scarcity of flexibility in its capital price range.

The regional transit system stated in a press release that growing prices on the venture have been worsened by inflation and excessive rates of interest.

SEPTA stated it’s hitting the brakes on the KOP Rail Line after it acquired notification from the Federal Transportation Administration that the venture was not really helpful…



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