USDOT Announces Proposed Rule to Streamline Private Sector Involvement in Transit Projects, 2017
5 minutes Date Enacted: Jul 31, 2017
The Federal Transit Agency (FTA) announced on July 31, 2017 revised Private Investment Project Procedures (PIPP) for public transportation capital projects that would also expand to funding and finance for all stages of transportation projects from planning through operations.
The news release states that:
“recipients of Federal funding 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.”
The PIPP rules waivers cannot be used, however, against NEPA requirements.