U.S. Department of Transportation Announces Final Rule to Encourage Private Sector Involvement in Transit Projects

WASHINGTON – The U.S. Department of Transportation’s (U.S. DOT) Federal Transit Administration (FTA) today 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 (NEPA) or any other provision of Federal statute.

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