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.

Tags: , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.


%d bloggers like this: