Increased Oversight and Transparency for Transportation Megaprojects (Over $2.5 Billion)
This Act establishes new accountability and oversight requirements for extremely expensive transportation projects, defined as those costing $2.5 billion or more. The goal is to minimize cost overruns and delays, ensuring that taxpayer money is used efficiently and critical infrastructure is completed on time. Recipients of federal funding must now develop comprehensive risk management plans and establish independent expert review groups.
Key points
Mandatory comprehensive risk management plans for transportation projects costing $2.5 billion or more to prevent delays and budget increases.
Requirement to establish independent Peer Review Groups of experts to advise on and regularly assess the scope, schedule, and budget of megaprojects.
Increased transparency: Expert reports and details of supervising engineers must be published online, allowing citizens to track progress and expenditures.
A committee of experts will be convened to study recurring problems in megaprojects and recommend changes to the Department of Transportation's funding and oversight approach.
Introduced
Citizen Poll