PHILADELPHIA- New state funding totaling $5.3 million has been announced to support infrastructure improvements and encourage economic development in Philadelphia that will ensure safe and reliable transportation to City residents and users.
The Commonwealth Financing Authority (CFA) approved funding for 9 projects in Philadelphia through the Department of Community and Economic Development’s Multimodal Transportation Fund (MTF). The City of Philadelphia secured $2.4 million for 5 projects:
- Indego Bike Share For New Philadelphia Residents
- Improvements at Summerdale & Adams and Roosevelt Boulevard
- Vision Zero: Safer Streets Around Schools
- Pennsylvania Avenue, Phase 2
- Century Park and Park Towne Place
Four additional projects within the City of Philadelphia were submitted by other partners:
- Market East Headhouse in Philadelphia
- Lehigh Viaduct Underpass Revitalization
- St Joseph’s University Community Access Project
- Logan Pointe Streetscape, Public Transportation & Pedestrian
“Through collaboration with local partners, Philadelphia is leveraging state and local funds to improve our transportation infrastructure and encourage economic development while also advancing our commitment to making Philadelphia’s streets safe for everyone,” said Mayor Kenney. “The City’s transportation and infrastructure investment should focus on promoting economic growth, sustainability, social inclusion, in addition to public health and safety. I am proud that these projects represent these priorities.”
The Commonwealth Financing Authority announced 112 projects in 36 counties were funded statewide to assure the availability of safe and reliable transportation.
Governor Tom Wolf, in his announcement of the funding, said, “We provide targeted improvement to sidewalks, streets, intersections, bridges, recreational trails, and other assets to improve the safety and quality of life for all Pennsylvanians.”
“These funds will allow Philadelphia to address key transportation needs like pedestrian and bike safety and enhanced transit amenities,” said Michael Carroll, Deputy Managing Director for the Office of Transportation and Infrastructure Systems. “I would like to thank the Commonwealth Financing Authority and Pennsylvania’s Department of Community and Economic Development for supporting these important projects.”
For more information about the CFA, or to view a complete list of CFA-approved projects, including projects in Philadelphia secured by agencies, non-profits, and organizations, please visit https://dced.pa.gov/newsroom/governor-wolf-announces-approval-227-community-improvement-transportation-environmental-protection-projects/