The approval of the SR 520 Bridge project on September 22 has caused a major sensation in the U.S.-China immigration industry. Numerous U.S. immigration attorneys, economists, and EB-5 project stakeholders have sent calls and letters to Worldway to express their congratulations on the successful approval of the SR 520 Bridge project, for which Worldway serves as the exclusive global lead agent.
Industry experts have described the approval of the SR 520 Bridge project as a landmark case in the history of the EB-5 program, ranking it alongside the EB-5 visa backlog as one of the two most significant events in the U.S. investment immigration industry in 2014. It signals a new era in which the EB-5 program will be dominated by U.S. government-led projects.
On September 25, the Chairman of the Washington State Regional Center and his delegation visited Worldway to celebrate the approval of the SR 520 Bridge project and held a cordial and friendly meeting with Worldway President Dr. Winner Xing. As longtime partners, the Washington State Regional Center and the Worldway Group reviewed the promotion of the project and discussed the significant impact of its successful approval on the future of the EB-5 program. The approval of the SR 520 Bridge project clearly demonstrates that projects involving direct government financing and government-backed repayment guarantees offer an extremely high level of security. Projects backed by the U.S. government are subject to rigorous oversight by opposition parties and the media, ensuring a high degree of transparency. Furthermore, they are supported by credit ratings from three major international rating agencies, providing a solid basis for investment decision-making. This is excellent news for EB-5 investors.
The approval of the SR 520 Bridge project coincided with the global launch of the Pennsylvania Turnpike project. Some developers in the U.S. EB-5 industry have complained through the media, “This is so unfair. If foreign investors lend money to the state government, with the state government guaranteeing repayment, and they can also receive green cards for their entire families, why would anyone want to invest in our projects!” It is foreseeable that government projects will become the most sought-after choice for EB-5 investors in the future.
The Washington State Regional Center also stated that each $500,000 investment in the SR 520 Bridge bond project currently has a book value of $532,018 per investor. They will proceed to issue the first three years of bond interest to each investor in a single payment, followed by semi-annual interest payments every January and July thereafter.
The Pennsylvania Turnpike EB-5 project, currently exclusively represented and marketed by Worldway, is similar to the SR 520 Bridge project: it involves state government borrowing with state government-backed repayment, holds an A+ credit rating, and has already received pre-approval from U.S. Citizenship and Immigration Services (USCIS), which significantly reduces investment risk. The Lieutenant Governor of Pennsylvania has specifically noted that the Pennsylvania Turnpike EB-5 project is a “critical infrastructure project vital to U.S. national interests and security,” and has directed the DVRC regional center and its Chinese partner, Worldway, to promote the project and raise EB-5 capital.
Amid expectations of an imminent U.S. investment immigration visa backlog, investors are accelerating their efforts to immigrate to the U.S., making high-quality EB-5 projects increasingly scarce. The Pennsylvania Turnpike EB-5 project has recently been launched simultaneously in major cities including Beijing, Shanghai, Guangzhou, Shenzhen, and Qingdao, triggering an rare buying frenzy. Interested investors are encouraged to call 400-138-2929 as soon as possible to secure their quota!
