Posts Tagged ‘public-private partnerships’

FTA Issues Red Tape Cutting Rule

June 1, 2018

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.

FTA Proposes Waiver of Rules for Certain Projects

August 4, 2017

The Federal Transit Administration has proposed a rule that it says will make it easier for public-private partnerships to be formed in public transportation projects.

In a notice of proposed rule making, the FTA said that its proposed Private Investment Project Procedures for public transportation capital projects will help the federal government develop “more effective approaches” to spurring private participation and investment in project planning, development, finance, design, construction, maintenance and operation.

Under the rule, entities that receive 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 or private investment in that project.

The proposed rule calls for those receiving federal funds to apply for a waiver of specific FTA requirements if the recipient can show that the requirements would discourage the use of a public-private partnership in a project. The FTA administrator would have the discretion to modify the requirement or grant a waiver.

However, the new rule could not be used to waive requirements under the National Environmental Policy Act or other provisions of federal statutes.

Public comment on the rule will be accepted until Sept. 29.