FTA Issues Red Tape Cutting Rule

Final rules were issued this week by the Federal Transit Administration that seeks to prompt private sector funding of transit projects.

The Private Investment Project Procedures seeks to identify FTA regulations, practices, procedures or guidance that may impede a public-private partnership or private investment in a project.

The FTA administrator now has the discretion to grant a modification or waiver of a requirement if certain criteria are met.

However, this will not include requirements mandated by the National Environmental Policy Act or any other provision of other federal statutes.

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