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News » US » Federal Transit Administration seeks to speed project delivery » published 17 Sep 2018

Federal Transit Administration seeks to speed project delivery

The Federal Transit Administration (FTA) is introducing a pilot program aimed at expediting project delivery.

It is accepting expressions of interest from transit project sponsors. The Pilot Program for Expedited Project Delivery is aimed at faster delivery of new transit capital projects that by law must use public-private partnerships, be operated and maintained by employees of an existing public transportation provider, and have a federal share not exceeding 25% of the project cost.

"Expediting transportation projects is a key part of meeting our nation’s infrastructure needs," said FTA acting administrator Jane Williams. "This pilot program’s streamlined federal review provides an excellent opportunity for transit providers to demonstrate accelerated project delivery, and innovative financing arrangements, in order to speed up transit improvements for the public."

FTA intends to work with selected project sponsors to further define the steps that must be completed before a construction grant can be awarded under the pilot program. FTA is particularly interested in working with project sponsors who are considering value-capture techniques as part of their project financing.

The Pilot Program for Expedited Project Delivery is authorized under the Fixing America’s Surface Transportation (FAST) Act. The deadline for submitting expressions of interest is 13 November 2018.

 

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This article was published on 17 Sep 2018 (last updated on 17 Sep 2018).

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