New fed transportation investment center

September 30, 2015

U.S. Transportation Secretary Anthony Foxx yesterday unveiled the Department of Transportation’s (USDOT) Build America Transportation Investment Center (BATIC), which will provide states, municipalities and project sponsors access to federal assistance on transportation projects.

The center will serve as a single point of contact for federal expertise, apply for federal transportation credit programs and explore ways to access private capital in public-private partnerships, according to a USDOT press release.Website Insert Our Name Tells Our Story copy

Andrew Curtis, who has worked in the financial services industry advising on transportation infrastructure transactions, will serve as the BATIC’s executive director.

“He and his team will provide project partners and potential investors with the clarity and technical assistance they need to move more projects forward and reduce our nation’s infrastructure deficit,” Foxx said.

BATIC was established a year ago as part of President Barack Obama’s Build America Investment Initiative, a government effort to encourage the use of private capital to complement government funding for projects. The center will assist project sponsors to navigate the procedural, permitting, and financial barriers to increased infrastructure investment and development.

Progressive Railroading has the full story by clicking here.

 

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