The U.S. Department of Transportation (USDOT) announced its final rule amending the Railroad Rehabilitation and Improvement Financing (RRIF) and Transportation Infrastructure Finance and Innovation Act (TIFIA) programs to...more
6/3/2024
/ Department of Transportation (DOT) ,
Final Rules ,
Infrastructure ,
Infrastructure Financing ,
Infrastructure Investment and Jobs Act (IIJA) ,
Interest Rates ,
Loans ,
Public Private Partnerships (P3s) ,
Public Projects ,
Railroad Rehabilitation and Improvement Financing (RRIF) ,
TIFIA ,
Transportation Industry
The Indiana Department of Transportation (INDOT) announced a first round of 39 awards for its Charging the Crossroads program on March 28, 2024. The program utilizes funding under the National Electrical Vehicle...more
The U.S. Department of Transportation Federal Highway Administration (FHWA) on March 7, 2024, announced a proposed rule that would discontinue its longstanding Buy America waiver for manufactured products used in FHWA-funded...more
3/11/2024
/ Buy America ,
Department of Transportation (DOT) ,
Federal Highway Administration ,
Highway Trust Fund ,
Infrastructure ,
Manufacturers ,
Project Finance ,
Proposed Rules ,
Public Projects ,
Transportation Corridor ,
Waivers
The Indiana Department of Transportation (INDOT) rolled out its new statutorily authorized pilot progressive design-build (PDB) and construction manager/general contractor (CMGC) transportation infrastructure project delivery...more
11/16/2023
/ Construction Project ,
Contract Terms ,
Design-Bid-Build ,
Design-Build ,
General Contractors ,
Infrastructure ,
Investment ,
Project Delivery Methods ,
Public Private Partnerships (P3s) ,
Public Projects ,
Request for Proposals ,
State Departments of Transportation ,
Transportation Corridor
Summary -
In an effort to accelerate electric vehicle (EV) usage, New York’s Legislature passed four vehicle charging infrastructure bills this session that are awaiting action by Governor Kathy Hochul. Under the Climate...more
8/9/2023
/ Automotive Industry ,
Charging Stations ,
Clean Energy ,
Climate Action Plan ,
Electric Vehicles ,
Infrastructure Investment and Jobs Act (IIJA) ,
Motor Vehicles ,
New York ,
Pending Legislation ,
Public Service Commissions ,
Regulatory Agenda ,
Zero-Emission Vehicles
Summary -
The nation’s first variable tolling program in a central business district (CBD) reached a new milestone, bringing New York City’s Metropolitan Transportation Authority (MTA) closer to its goal of launching...more
5/15/2023
/ City of New York ,
Environmental Review ,
Federal Highway Administration ,
Infrastructure ,
Motor Vehicles ,
NEPA ,
New York ,
Public Transportation ,
Regional Transportation Planning ,
State and Local Government ,
Surface Transportation ,
Taxi Cabs ,
Tolls ,
Transportation Corridor
The Federal Highway Administration (FHWA) on July 5, 2022, released a revised Form FHWA-1273, “Required Contract Provisions Federal-Aid Construction Contracts,” the first reissued form since 2012....more
Summary -
Hoping that faster construction methods can be combined with increased subsidies to undertake billions of dollars of desperately needed affordable housing renovations, New York’s Legislature has authorized the...more
Summary -
The U.S. Department of Transportation (USDOT) has temporarily suspended Buy America requirements for certain construction materials needed to build infrastructure projects with federal participation, in part due...more
For those interested in availability payment (AP) or service payment structures for public-private partnerships (P3s), June 15, 2020, was an important day despite lack of fanfare....more
Surface transportation has been a topic of federal policy consideration in recent weeks. The U.S. House of Representatives floated a partisan, large transportation bill, while the U.S. Senate continues to advocate for a...more
On May 27, 2020, the FRB Boston (the FRB Boston) released form documents and expanded explanatory materials including updated Frequently Asked Questions (the FAQs) for the Main Street Lending Program (the MSLP)....more
6/6/2020
/ Borrowers ,
Coronavirus/COVID-19 ,
EBITDA ,
Federal Reserve ,
FRB ,
Lenders ,
Main Street Lending Programs ,
Main Street New Loan Facility ,
Main Street Priority Loan Facility ,
Paycheck Protection Program (PPP) ,
Special Purpose Vehicles
The Federal Reserve Board unanimously voted on April 30 to expand the much-anticipated Main Street Lending Program (MSLP) to facilitate lending to small and medium-sized businesses seeking to address the economic effects of...more
On April 9, 2020, the Federal Reserve issued a press release announcing that it would be seeking to undertake additional actions to provide up to $2.3 trillion in loans to support the economy. ...more
4/10/2020
/ Business Interruption ,
CARES Act ,
Coronavirus/COVID-19 ,
Federal Loans ,
Financial Stimulus ,
NRSRO ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business ,
Tax Relief ,
Term Asset-Backed Securities Loan Facility (TALF)
The primary objective of the guidelines is to improve financial reporting by addressing issues related to P3s and APAs. The guidelines provide uniform guidance on accounting and financial reporting for transactions that meet...more
6/27/2019
/ Comment Period ,
Draft Guidance ,
GASB ,
Infrastructure ,
Project Finance ,
Public Private Partnerships (P3s) ,
Public Projects ,
Real Estate Development ,
Rulemaking Process ,
State and Local Government ,
Urban Planning & Development
New Jersey has enacted legislation that greatly expands the pool of public agencies authorized to enter into public-private partnerships (P3s) for capital projects in the state, in order to address growing infrastructure...more
8/21/2018
/ Construction Industry ,
Construction Project ,
Infrastructure ,
New Legislation ,
Project Finance ,
Public Agencies ,
Public Private Partnerships (P3s) ,
Public Projects ,
Real Estate Development ,
State and Local Government ,
Tax Exemptions ,
Transportation Industry ,
Urban Planning & Development
The American Infrastructure Initiative (infrastructure plan) released by the White House last week aims to stimulate more than $1.5 trillion in new investment over the next decade, shorten the process for approving projects,...more
The White House released a 53-page framework on Tuesday setting forth its legislative goals for rebuilding America's infrastructure (the Infrastructure Plan)....more
2/19/2018
/ Affordable Housing ,
Alternative Minimum Tax ,
Bonds ,
Construction Industry ,
Infrastructure ,
New Legislation ,
Project Finance ,
Public Private Partnerships (P3s) ,
Public Projects ,
Real Estate Development ,
State and Local Government ,
Tax Cuts and Jobs Act ,
Trump Administration ,
Urban Planning & Development
President Trump has signed into law H.R. 601, a continuing resolution that funds the federal government through December 8, 2017, and thereby extends the EB-5 Regional Center Program beyond September 30, 2017—the end of the...more
On August 15, President Donald J. Trump signed a second executive order "streamlining" the federal environmental permitting process with a goal of making construction of transportation, water, and other infrastructure...more
8/18/2017
/ Climate Change ,
Critical Infrastructure Sectors ,
Environmental Assessments ,
Environmental Impact Report (EIR) ,
Environmental Policies ,
Environmental Review ,
Executive Orders ,
Land-Use Permits ,
OMB ,
Regulatory Reform ,
Trump Administration
The U.S. Department of Transportation (USDOT) has revised and renamed a federal grant program that provides federal financial assistance to highway and freight projects of national or regional significance to support projects...more
As reported by Ballard Spahr in previous Alerts, many members of Congress have proposed and considered several reform measures to the U.S. Immigrant Investor Program, known as "EB-5," over the past several years....more
The Chinese government has enacted new rules severely limiting foreign currency transfers out of China. The scope of the limitations are not clear but the Xinhua News Agency reported that Chinese banks advised their customers...more
1/9/2017
/ China ,
Crowdfunding ,
Currency Control ,
EB-5 ,
Financial Institutions ,
Foreign Currency ,
Foreign Investment ,
Investment ,
Money Laundering ,
Private Equity Funds ,
Real Estate Market ,
Terrorism Funding ,
Venture Capital
The EB-5 Regional Center Program has been extended through April 28, 2017, following the passage of a continuing resolution (CR) by Congress that narrowly avoided a government shutdown.
The CR provides continued funding...more
The Department of Homeland Security (DHS) has increased fees by an average of 21 percent for certain U.S. Citizenship and Immigration Services (USCIS) applications, including the U.S. Immigrant Investor Program (EB-5)....more
11/9/2016
/ Construction Industry ,
EB-5 ,
EB-5 Regional Centers ,
Filing Requirements ,
Foreign Investment ,
I-526 Petition ,
Immigrants ,
Immigration Reform ,
Investors ,
Job Creation ,
Real Estate Development ,
Required Forms ,
USCIS ,
USCIS Immigrant Fee