The US Federal Transit Administration announced a proposal to remove “unnecessary procedures” that could hinder the formation of public-private partnerships for transport projects on 31 July.
The proposed Private Investment Project Procedures (PIPP) would help the federal government develop “more effective approaches” to spurring private sector participation in areas such as project planning, development, finance, design, construction, maintenance and operations, according to the FTA.
Recipients of Federal funding will be allowed to identify specific FTA regulations, practices, procedures or guidance documents that may be an impediment to private investment – and, if required, apply for waivers or exemptions. The FTA stated that PIPP could not be used to waive any requirement under the National Environmental Policy Act or any other provision of Federal statute, however.
“One of the Trump Administration’s priorities is to allow private sector resources and expertise to help rebuild America’s infrastructure,” said US Transportation Secretary Elaine L. Chao. “This proposal will help us better understand the ways that unnecessary procedures may get in the way of building the best projects at the lowest cost to the public.”
The FTA will accept comments until 29 September.