OCTA Navigating Rough Economic Waters; Delivering on Promises to Voters
OCTA Chief Executive Officer, and OCBC Board Member Will Kempton presented to OCBC’s Infrastructure Committee an overview of OCTA’s Strategic Plan, highlighting the agency’s unique commitment to performance-based management and delivering on promises to voters. Constrained resources and a $15 billion reduction in federal funding have placed OCTA’s funding near 2006 levels. Facing this 40% reduction in federal funding, Kempton projects public-private partnerships will supplement state and federal deficiencies in the long-term.
Topping Kempton’s wish list:
- the ability to ease the procurement process;
- expanded public-private partnerships; and
- regulatory reform, particularly of the drawn out permitting process.
Through programs like “Breaking Down Barriers,” OCTA is impacting regulatory relief at the federal level, speeding up processes to help create jobs in Orange County. Currently OCTA has $5.1 billion in transportation projects in the works – more than ever in the agency’s history.
For more information contact Dr. Wallace Walrod, Vice President of Economic Development and Research.