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FTA Issues Rule to Encourage Private Investment in Infrastructure

Thursday, June 7, 2018

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At the end of May, the U.S. Department of Transportation’s Federal Transit Administration issued its final rule for Private Investment Project Procedures, which is focused on encouraging private participation and investment in federal infrastructure projects.

Through PIPP, grantees are able to identify FTA regulations or guidance that may be an obstacle against the use of a public-private partnership, or private investment in a particular project.

Final Rule

According to the FTA, it would be up to an administration agent to allow a modification or waiver of a requirement, granted certain criteria were met. PIPP could not be used to waive requirements under the National Environmental Policy Act or any affiliated provision of that statute.

AgnosticPreachersKid, CC BY-SA 3.0, via Wikimedia Commons

At the end of May, the U.S. Department of Transportation’s Federal Transit Administration issued the final rule for Private Investment Project Procedures, which is focused on encouraging private participation and investment in federal infrastructure projects.

There are a number of opportunities for the private sector to engage in public transportation, including private operators being involved with “planning and transportation improvement program process” as part of a public-private partnership, according to the DOT.

“This Final Rule allows the public transportation industry to identify where there may be barriers to developing projects in concert with capable private partners,” said FTA Acting Administrator K. Jane Williams. “FTA is committed to encouraging innovation and streamlining project delivery while protecting the public interest.”

The FTA originally issued a Notice of Proposed Rulemaking for PIPP on July 31, 2017.

“One of the Trump Administration’s priorities is to allow private sector resources and expertise to help rebuild America’s infrastructure,” said U.S. Department of Transportation Secretary Elaine L. Chao, at the time of the original rulemaking proposal. “This proposal will help us better understand the ways that unnecessary procedures may get in the way of building the best projects possible at the lowest cost to the public.”

   

Tagged categories: Department of Transportation (DOT); Government; Infrastructure; NA; North America; Program/Project Management; Project Management

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