FY 2012 Operating Budget and FY 2013-2017 Financial ... - Septa

Improving Our System
Capital Improvement Program
A major factor in achieving SEPTA’s business goals is long term investment of capital dollars
to maintain the system in a state of good repair, upgrade its vehicles and infrastructure and
implement service improvements. Consistent investment in vehicles and infrastructure has a
positive effect on the operating budget. Infrastructure and vehicles that are in a state of good
repair reduce maintenance costs, increase operating efficiency and improve customer
satisfaction. This is especially true with some of the aging facilities, structures, stations and
vehicles that SEPTA acquired over the years from private operators which had not been
adequately maintained or improved.
Capital Investments
Capital investments are those that acquire, improve, or extend the useful life of any item with
an expected life of three or more years and a value of more than $5,000. Such investments
include but are not limited to rolling stock, track and structure, signals, bridges, support
facilities, depots and shops, equipment, stations and passenger facilities.
Fiscal Year 2012 Capital Budget
PROJECT
Fiscal Year 2012
Funding Requirement
Bus Purchase Program $59,209,593
Congestion Relief and Mitigation 2,233,000
Infrastructure Safety and Renewal Program 34,400,000
Paratransit Vehicle Acquisition 5,000,000
Regional Rail Signal System Modernization 35,800,000
Safety and Security Improvements 5,000,000
State of Good Repair Initiatives 15,200,000
Station Accessibility 4,800,000
Station and Parking Improvements 10,400,000
System Improvements 5,000,000
Vehicle Overhaul Program 53,100,000
Total Fiscal Year 2012 Capital Budget $230,142,593
SEPTA Fiscal Year 2012 Operating Budget 155