Facing hefty bills for 120 new railcars and a planned makeover of the dilapidated Wayne Junction station in Germantown, SEPTA is planning to borrow $250 million.
The trip to Wall Street’s bond markets would be SEPTA’s first borrowing for new projects in 12 years.
The new money would provide $208 million for new Silverliner V railcars, spare parts, and training, and $23 million for the reconstruction of the Wayne Junction facility, SEPTA finance officers said Thursday (January 20).
The full story is on the Philadelphia Inquirer website.