Details emerge on FTA PIPP

The US Department of Transportation’s Federal Transit Administration (FTA) has provided more information on the Private Investment Project Procedures (PIPP).

The FTA has confirmed to P3 Bulletin the authorizing legislation that required FTA to develop Private Investment (PIPP) identified the Federal Highway Administration’s existing Special Experimental Project Number (SEP) 15 program as a model. Congress required FTA to develop and implement procedures to address potential impediments to P3s in the Moving Ahead for Progress in the 21st Century Act (MAP-21).

As previously reported FTA issued a Final Rule that describes new procedures to encourage private sector involvement in public transportation projects.

Under PIPP, FTA grantees can identify regulations, practices, procedures or guidance that may impede use of a P3 or private investment in transit projects and seek a waiver or modification of federal requirements. 

The rule is intended to help grantees:
Accelerate project development
Attract private investment
Exercise flexibility in project management
Incorporate innovation
Improve efficiency
Add revenue streams

USDOT has since provided answers to 14 FAQs on PIPP.  These are available here

FTA acting administrator K. Jane Williams said “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 is committed to encouraging innovation and streamlining project delivery while protecting the public interest.”