Federal Transportation Administration Proposes Procedures to Address Impediments to the Use of P3s and Private Investment in Transportation Projects: Federal Transportation Administration Proposes Procedures for Requesting Waivers or Modifications of Certain Regulatory Requirements to Increase Use of P3s and Private Investment in Transportation Projects

Sullivan & Cromwell LLP - August 18, 2017
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On July 31, 2017, the United States Department of Transportation’s Federal Transportation Administration (the “FTA”) proposed a Private Investment Project Procedures rule (the “Proposed Rule”) that would allow sponsors of public transportation capital projects benefiting from some form of Federal financial assistance to submit an application to the FTA requesting a modification or waiver of certain FTA regulations, practices or procedures that in the sponsors’ view present impediments to the use of public-private partnerships (“P3s”) or private investment in such projects. 

Comments on the Proposed Rule are due by September 29, 2017.