The American Association of State Highway and Transportation Officials has unveiled the U.S. Department of Transportation's Build America Transportation Investment Center (BATIC). The center is a resource for states, municipalities and project sponsors looking to use federal transportation expertise, apply for federal transportation credit programs and explore ways to access private capital in pubic private partnerships.
AASHTO is working with U.S. DOT through a cooperative agreement to establish the BATIC Institute: An AASHTO Center for Excellence (the Institute). The Institute will help state departments of transportation and other agencies better utilize innovative solutions to finance transportation projects and safeguard taxpayers' investments. The Institute also will develop important capacity building resources that will support the services offered through the BATIC at U.S. DOT.
"We are pleased to be working with our partners at U.S. DOT to help solve the finance issues transportation agencies face today," says AASHTO Executive Director Bud Wright. "Great ideas need to be shared and decision makers across the country will benefit from the Institute as they learn about the many innovative options available."
The Institute will provide specialized education to decision makers and transportation project leaders at state DOTs and local partner agencies. Through education and outreach programs that include in-person and online training, industry professionals will have access to the tools they need to apply cutting-edge solutions within their organizations, across the country.
Visit the Institute's website to learn more: www.financingtransportation.org.