SEPTA will borrow $175 million to pay for its long-awaited, long-delayed electronic fare system, and SEPTA officials said Thursday they expect to hire a contractor to install the system by May or June.
SEPTA’s board approved borrowing the $175 million Thursday. The board also approved borrowing up to $252 million to pay for 120 new railcars and to overhaul the 110-year-old Wayne Junction rail station in Germantown. The $427 million is the largest debt SEPTA has ever taken on.
The full story is on the Philadelphia Inquirer website.