Government Issues

FTA rule encourages private sector involvement in transit projects

Posted on May 30, 2018

The Federal Transit Administration (FTA) issued the Private Investment Project Procedures (PIPP) Final Rule that describes new procedures aimed at helping the federal government develop more effective approaches to spurring private participation and investment in project planning, development, finance, design, construction, maintenance, and operations.

PIPP allows grantees the ability to identify FTA regulations, practices, procedures or guidance that may impede the use of a public-private partnership (P3) or private investment in that project. The FTA Administrator would have discretion to grant a modification or waiver of a requirement if certain criteria are met. PIPP could not be used to waive any requirement under the National Environmental Policy Act or any other provision of Federal statute.

“This Final Rule allows the public transportation industry to identify where there may be barriers to developing projects in concert with capable private partners,” said FTA Acting Administrator K. Jane Williams. “FTA is committed to encouraging innovation and streamlining project delivery while protecting the public interest.”

FTA issued a Notice of Proposed Rulemaking (NPRM) on Private Investment Project Procedures on July 31, 2017. The Final Rule incorporates changes made in response to the public comments received on the NPRM. Congress required FTA to develop and implement procedures to address potential impediments to public-private partnerships in MAP-21.

More information about the PIPP program, click here.

View comments or post a comment on this story. (0 Comments)

More News

California mandates fleets to operate zero-emission buses by 2040

The mandate also calls for agencies to use this transition to invest in workforce development training programs.

FTA allocates $281M for transit projects in 5 cities

Projects include the Tempe Streetcar project in Arizona; and the Los Angeles Westside Purple Line Section 3 project.

FRA issues Final Rule for high-speed rail operations

The rule paves the way for U.S. high-speed passenger trains to safely travel as fast as 220 miles per hour.

Legislation calls for NJ Transit to issue refunds for rail delays

Monthly pass holders would get a prorated amount refunded while single-ticket holders would get their money back.

85% of transportation-related ballot measures successful

Overall in 2018, public transportation won 30 of 36 ballot measures in primary and general elections, a win percentage of 83%, according to APTA.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation