Martin Klepper Named First Chief of Build America Bureau
With less than three weeks left in the Obama administration, Martin Klepper was named the first executive director of the U.S. Department of Transportation’s Build America Bureau on Dec. 30.
The appointment was announced by Transportation Secretary Anthony Foxx, who added, "We are pleased to have someone with Martin’s significant experience and expertise at the helm of the bureau. Under his leadership, the bureau will be a driving force in financing transportation projects across the country.”
Klepper has been a senior partner in the Energy and Infrastructure Projects Group at Skadden, Arps, Slate, Meagher & Flom. According to DOT, Klepper has closed more than 100 major transactions for large infrastructure projects totaling more than $20 billion during his career. Klepper has worked with both federal and state governments on energy and infrastructure financing matters, as well as with banks, underwriters, equity investors, multilateral lenders and export credit agencies in various capacities.
Created in 2016 from several DOT programs, including the Transportation Infrastructure Finance and Innovation Act, the Build America Bureau is designed to streamline access to federal credit and grant opportunities while providing technical assistance to project planning, financing, delivery and monitoring.
