DOT Unveils Transportation Investment Unit
The U.S. Department of Transportation has unveiled a centralized unit tasked with working with states, cities and investors looking for help with navigating the federal transportation apparatus.
The Build America Transportation Investment Center, or BATIC, also will help stakeholders apply for credit programs as well as identify ways they may tap into private capital in public-private partnerships. Andrew Curtis Right will be the executive director.
Right most recently was in the financial services industry, where he advised parties on transportation infrastructure transactions.
“He and his team will provide project partners and potential investors with the clarity and technical assistance they need to move more projects forward and reduce our nation’s infrastructure deficit,” Transportation Secretary Anthony Foxx said in a Sept. 29 statement.
Foxx and Right are scheduled to visit the Port of Newark in northern New Jersey on Oct. 1 to speak about BATIC.
In 2016, DOT plans to unveil dedicated space for BATIC’s operations that would aim to provide a one-stop-shopping experience for stakeholders.
