GAO Finds Federal Project Approval Process Remains a Barrier to Greater Private Sector Role and DOT Could Enhance Efforts to Assist Project Sponsors
WASHINGTON, Oct. 30 - As demand for transit and competition
for available federal funding increases, transit project sponsors
are increasingly looking to alternative approaches, such as
public-private partnerships, to deliver and finance new,
large-scale public transit projects more quickly and at reduced
costs. GAO reviewed (1) the role of the private sector in U.S.
public transit projects as compared to international projects; (2)
the benefits and limitations of and barriers, if any, to greater
private sector involvement in transit projects and how these
barriers are addressed in the Department of Transportation's (DOT)
pilot program; and (3) how project sponsors and DOT can protect the
public interest when these approaches are used. To view the
report's findings, click here.
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