[Worldway Shanghai Report] On December 20, 2014, the Pennsylvania Turnpike Project Phase II, an EB-5 project exclusively represented by Worldway, one of the Top 500 Asian Brands, held another project seminar in Shanghai, which was met with a surge of investors.
At the seminar, Worldway's U.S. immigration experts provided investors with a detailed introduction to the U.S. government-monopolized public welfare project that has recently received high attention from both Chinese and American media - the U.S. EB-5 Pennsylvania Turnpike Project.
The Pennsylvania Turnpike Project was decided by the Pennsylvania General Assembly and is an important part of the renovation project for the entire Pennsylvania road and bridge network. As early as when construction began in 2012, it received high attention from U.S. media. The Columbia Broadcasting System (CBS) reported: The Pennsylvania Turnpike will be connected to Interstate 95. Interstate 95 is the longest highway running north-south in the United States. After the connection, you will be able to travel directly from Florida to Maine, and it will significantly increase the traffic capacity of the local area in Pennsylvania.
The U.S. media's enthusiasm for the Pennsylvania Turnpike Project is because this project transcends partisan interests and is a hub project concerning U.S. national interests and security. In the past, U.S. media were extremely critical of government projects, but the Pennsylvania Turnpike Project has received unanimous support and praise from U.S. media. This is because the Pennsylvania Turnpike Project is jointly invested by the U.S. federal government and the Pennsylvania state government, and is a project borrowed and guaranteed for repayment by the Pennsylvania Turnpike Commission. Even opposition party members in the U.S. Congress have given this project high affirmation, and after being successfully re-elected, they immediately rushed to China to jointly promote the Pennsylvania Turnpike Project with Worldway.
Chinese media have also shown unprecedented attention to the Pennsylvania Turnpike Project. Media such as NetEase, Xinhuanet, iFeng, Global Times, and Sohu have all conducted large-scale positive reports on the project. As a public welfare project that has obtained I-924 pre-approval from the U.S. Citizenship and Immigration Services and is monopolized by the U.S. government, it was immediately snapped up by 100 investors upon its launch. Currently, the popularity of Phase II of the project has exceeded that of Phase I, and the unprecedented rush to buy has once again attracted high attention from Chinese media.
In the Pennsylvania Turnpike Phase II project, the limited partnership company formed by EB-5 investors lends $500,000 per person to the Pennsylvania Turnpike Commission, which is in charge of the project for the Pennsylvania government, and the repayment is guaranteed by the Pennsylvania Turnpike Commission. Therefore, from an investment perspective, it is a project where money is lent to the Pennsylvania government, and the Pennsylvania government is responsible for repayment. The Pennsylvania Turnpike Commission has long held a high credit rating. The three major international rating agencies (S&P, Moody's, and Fitch) have given the Pennsylvania Turnpike Commission credit ratings of "A+", "A1", and "A+" respectively.
The Pennsylvania Turnpike Commission was established by the Pennsylvania government in 1937 and has never had any default events in 77 years. The various road and bridge projects operated by the Pennsylvania Turnpike currently generate an annual revenue of $830 million, and by the time the project is repaid in 2020, the annual operating revenue is expected to reach approximately $1.3 billion. At the same time, the Pennsylvania Turnpike Commission is also the largest government bond-issuing department in Pennsylvania, so it has strong performance capabilities.
The Pennsylvania Turnpike Phase II project continues all the advantages of Phase I. It is an extremely rare EB-5 project in the U.S. investment immigration program that is jointly invested by the U.S. federal government and the Pennsylvania state government, and is borrowed and guaranteed for repayment by the Pennsylvania Turnpike Commission. Especially against the backdrop of the upcoming U.S. investment immigration visa backlog, the Pennsylvania Turnpike Phase II project, which also obtained pre-approval from the U.S. immigration authorities, has become the best choice for investors to actively cope with the backlog. For many investors who regretted missing out on Phase I of the Pennsylvania Turnpike Project, now is the best time to seize the scarce quotas of Phase II.
For more details, please follow: WeChat account "Worldway Shanghai Immigration Company", Weibo account "Worldway Shanghai Immigration Company", or call the free consultation hotline "400-0907-099". More events and more information are available at Worldway Shanghai.
