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Rail News: Federal Legislation & Regulation
FTA proposes changes to joint project development guidance
The changes would result in more opportunities that create value for both transit systems and surrounding communities, as well as streamline FTA’s approval process, according to an FTA press release.
Comments are due June 3.
The FTA is seeking comments on the following proposed changes:
- no longer defining a minimum revenue threshold, or setting a monetary requirement from a joint development project for transit purposes; and
- eliminating the requirement of project sponsors to submit a baseline market analysis and a certification of compliance.
Contact Progressive Railroading editorial staff.