FTA issues rules for private investment in public transit projects

RELATED TOPICS: REGULATION | FINANCING
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WASHINGTON — The Federal Transit Administration has published new rules aimed at encouraging private investment and streamlining public transit projects.

The rules allow grant recipients to identify red tape issues that stand in the way of public-private partnerships or private investment, according to the agency's website. For example, transit agencies may request a waiver of requirements under the National Environmental Policy Act, which is often blamed for unreasonably long delays in project implementation.

“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 in a prepared statement.

The full text of the rule may be found in the May 30 edition of the Federal Register.
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