Klepper tapped to lead Build America Bureau
Martin Klepper has been named executive director of the U.S. Department of Transportation’s new Build America Bureau. Klepper is a senior partner in an international law firm known for developing, financing, acquiring and selling transportation, energy and other large infrastructure projects.
“We are pleased to have someone with Martin’s significant experience and expertise at the helm of the Bureau,” said Transportation Secretary Anthony Foxx. “Under his leadership, the Bureau will be a driving force in financing transportation projects across the country.”
The bureau was created to streamline access to federal credit and grant opportunities and provide technical assistance with project planning, financing, delivery and monitoring. The bureau also helps state and local governments develop and finance public-private partnership (P3/PPP) transactions for transportation facilities.
The Build America Bureau combines the following DOT programs: the Transportation Infrastructure Finance and Innovation Act (TIFIA), the Railroad Rehabilitation & Improvement Financing (RRIF), the private activity bond (PAB) program, the Outreach and Project Development functions of the BATIC and the Fostering Advancements in Shipping and Transportation for the Long-term Achievement of National Efficiencies (FASTLANE) grant program.