Wednesday, August 02, 2017

FTA NPRM promotes transit P3s

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FTA Executive Director Matthew Welbes FTA Executive Director Matthew Welbes Federal Transit Administration

The Federal Transit Administration (FTA) has issued a Notice of Proposed Rulemaking, Private Investment Project Procedures (PIPP), “to facilitate public-private partnerships for public transportation capital projects that will help the federal government develop more-effective approaches to spurring private participation and investment in areas such as project planning, development, finance, design, construction, maintenance and operations.”

As detailed in the NPRM, federal funding recipients for public transportation projects would be allowed to identify specific FTA regulations, practices, procedures or guidance documents “that may be an impediment to the use of a public-private partnership (P3) or private investment in that project,” FTA said.

Under the proposed PIPP system, recipients of Federal assistance would be able to apply to FTA to request modification or waiver of specific FTA requirements “if the recipient demonstrates that those requirements discourage the use of P3s,” FTA said. “The FTA Administrator would then have discretion to grant a modification or waiver of a requirement if certain criteria are met. However, the PIPP could not be used to waive any requirement under the National Environmental Policy Act (NEPA) or any other provision of Federal statute.”

“As more public transportation project sponsors find willing and able private partners, we must ensure that federal regulations or procedures do not stifle innovation,” said FTA Executive Director Matthew Welbes. “FTA’s PIPP will help us maintain procedures that are truly beneficial while allowing for discretion to waive those that simply impede good projects.”

FTA will accept public comments on the NPRM until Sept. 29, 2017.

 

 

 

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