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| | November 20, 2014 Deadline: November 26, 2014 MAP-21, the Moving Ahead for Progress in the 21st Century Act, was enacted into law in 2012 to transform the policy and programmatic framework for investments to guide the growth and development of the country's transportation infrastructure. MAP-21 creates a streamlined, performance-based, and multimodal program to address the many challenges facing the U.S. transportation system, including improving safety, maintaining infrastructure condition, reducing traffic congestion, improving efficiency of the system and freight movement, protecting the environment, and reducing delays in project delivery. The Private Sector Participation provisions of MAP-21 require the Federal Transit Administration (FTA) to: - Identify impediments to greater use of public-private partnerships (P3s) and private investment in public transportation capital projects and issue regulations to carry out procedures that address any impediment.
- Develop guidance to promote greater transparency and public access to P3 agreements involving recipients of MAP-21 financial assistance.
- Provide technical assistance to recipients of MAP-21 financial assistance.
- To meet the above requirements, FTA is conducting an Online Dialogue to engage grantees and other stakeholders to inform them of the rulemaking and to obtain feedback on proposed guidance on assessments and model contracts.
Participants can discuss: - How stakeholders conduct assessments to determine whether use of a public-P3 represents a better public and financial benefit.
- What should be included in a FTA guide to developing standard P3 transaction model contracts.
- Existing FTA laws, regulations, and practices that inhibit greater use of P3s and private investment in public transportation projects, and a proposed process to modify specific existing FTA laws, regulations, and practices that would address such impediments.
The dialogue website also provides background information on the Private Sector Participation provisions of MAP-21 requirements. | | |
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