U.S. Department of Transportation unveiled its Build America Transportation Investment Center (BATIC). It will serve as the single point of contact and coordination for states, municipalities and project sponsors looking to utilize federal transportation expertise, apply for federal transportation credit programs and explore ways to access private capital in public private partnerships.
Within the projects, in the fall of 2016, the Department of Transportation will be unveiling a new state of the art center of excellence for BATIC.
BATIC was established a year ago as a government-wide effort aimed to harness the potential of private capital to complement government funding. BATIC will assist project sponsors to navigate the procedural, permitting, and financial barriers to increased infrastructure investment and development.
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