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Public Transportation: Federal Project Approval Process Remains a Barrier to Greater Private Sector Role and DoT Could Enhance Efforts to Assist Project Sponsors
Susan A. Fleming (au)
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. This report 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 Dept. of Transportation's (DoT) pilot program; and (3) how project sponsors and DoT can protect the public interest when these approaches are used. Charts and tables.
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