Major Investment Study / Draft Environmental Impact Statement
7. Financial Analysis
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7.7 CONCLUSION
This chapter establishes a strategy to fund the capital
and operating needs of the Schuylkill Valley Metro within the context of
the baseline transit network. Overall, the strategy assumes that 80 percent
of the construction needs of the Locally Preferred Alternative would be
funded by FTA Section 5309 New Starts grants, while the Commonwealth of
Pennsylvania would cover the remaining 20 percent of project needs. Schuylkill
Valley Metro annual operating needs would be funded with contributions
from the Commonwealth of Pennsylvania.
The continuation of SEPTA's sound financial position
demands that the Commonwealth of Pennsylvania continue to expand its Public
Transportation Assistance Fund (PTAF). Funding in addition to the levels
established in Act 26 of 1992 and Act 3 of 1997 will be required.
As the Schuylkill Valley Metro progresses through
the project development process, SEPTA will work with its funding partners
to further develop and refine this funding strategy, which would ultimately
form the basis of a full funding grant agreement between SEPTA and FTA.
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