In February 2015, at the "2014 Quality Project Selection" event hosted by NetEase Immigration Channel, the Pennsylvania Turnpike project, exclusively represented by Worldway Immigration Group, was undoubtedly awarded the "2014 Quality Immigration Project" award as one of the most influential EB-5 investment immigration projects in the United States in 2014.
Why was the Pennsylvania Turnpike project selected as a "2014 Quality Immigration Project" by authoritative media? The fundamental reason lies in the numerous outstanding advantages of the project itself:
100% Approved by the U.S. Citizenship and Immigration Services Government Project
The Pennsylvania Turnpike project is a rare EB-5 project that is jointly invested by the U.S. federal government and the Pennsylvania state government, and is financed by the Pennsylvania Turnpike Commission with a commitment to repayment. It has received pre-approval from the U.S. Citizenship and Immigration Services (USCIS) under the I-924 program, and is a 100% government-owned, government-invested, government-managed, government-operated, government-borrowed, and government-repaid EB-5 project.
As one of the few true government projects in the U.S. EB-5 investment immigration market, the Pennsylvania Turnpike project has received personal recommendations and support from U.S. Congress members and executives of the Pennsylvania Turnpike Commission since its promotion began. It has become the first EB-5 project promoted jointly by U.S. Congress members and Chinese immigration agencies since the enactment of the U.S. EB-5 investment immigration law. Last year, the news event involving a hundred investors working on road construction in the U.S. was essentially the Pennsylvania Turnpike project exclusively represented by Worldway, which attracted widespread attention from both domestic and foreign media. Ultimately, these two major events related to the Pennsylvania Turnpike project became milestone events in the immigration industry and were both rated as the top ten news stories in the immigration industry in 2014.
Borrower Subject A+ Credit Rating
The borrower subject of the Pennsylvania Turnpike project—the Pennsylvania Turnpike Commission—has long maintained a high credit rating, with the three major international rating agencies (S&P, Moody's, and Fitch) rating it as "A+", "A1", and "A+" respectively.
The three major international rating agencies (S&P, Moody's, and Fitch) are internationally recognized risk investment rating agencies that conduct comprehensive assessments of the asset status, liabilities, repayment ability, and creditworthiness of the rated entities using professional talent, databases, and evaluation methods.
These rating agencies have objectively evaluated and quantitatively detailed the liabilities and repayment capabilities of the borrowing institution. For borrowing projects with credit ratings, one can clearly understand the borrowing institution's liabilities and repayment capabilities by looking at its credit rating. Currently, the rating reports from the three major international rating agencies have become an important reference for governments, investment institutions, and individual investors in making EB-5 investment risk decisions.
In fact, Pennsylvania is the sixth largest economy in the United States, ranking 18th globally, with strong economic strength. According to the latest data from the regional center, the Pennsylvania Turnpike Commission currently collects $830 million annually, and it is expected that by 2020 (when the EB-5 project is due for repayment), its annual revenue will reach $1.3 billion (as evidenced by regional center documentation), with a zero default rate to date.
Stable Income "Safe Haven" Project
Choosing a project is like selecting stocks. Due to the high proportion of real estate projects in the EB-5 industry, many U.S. investment immigration EB-5 investors will consider the economic conditions of these industries as an important reference when making their selections. In fact, there are some projects in the EB-5 industry that are hardly affected by the economic conditions, including well-known emergency hospitals, legally mandated alternative energy projects, rigid residential apartment projects, and federal and state-level highway infrastructure projects.
The United States is known as the "country on wheels," and American culture is thus referred to as car culture. Americans can do without trains and buses, but they cannot live without their own private cars. Private cars have become a necessity in American life. Therefore, the operational status of highways is quite stable and continuously prosperous in the United States.
In the U.S. bond market, highway bonds have always been a favorite among institutional investors seeking safe-haven investments because highway traffic volume is very stable, and the returns are consistent, unaffected by economic indices, with very stable return expectations. Highway projects may not be high-profit projects, but they are certainly projects with stable returns and strong return expectations, which is precisely what investors seek when investing in EB-5 projects.
Moreover, the Pennsylvania Turnpike Commission is the largest municipal bond issuer in Pennsylvania, aside from the Department of Finance, and does not require authorization from the legislature or the governor to raise toll prices. Compared to other toll highways, the advantages of the Pennsylvania Turnpike project are very obvious, and its strong debt capacity and repayment ability ensure that losses are unlikely, providing strong confidence for the future recovery of EB-5 investments.
It is precisely because of its numerous incomparable advantages that the Pennsylvania Turnpike project has stood out among many U.S. investment immigration EB-5 projects and rightfully earned the title of "2014 Quality Immigration Project."
As the exclusive agent for the Pennsylvania Turnpike project, Worldway Immigration Group, in collaboration with the DVRC Regional Center and the Pennsylvania Turnpike Commission, will hold official briefings for the Pennsylvania Turnpike project on March 21 and 22 in Shenzhen, Beijing, and Qingdao. The events will feature a gathering of distinguished guests and unprecedented scale. Registration is currently in full swing, and the hotline for reservations is 400-138-2929.
Shenzhen
Date: March 22, 2015, Sunday, 14:30-17:00
Location: 29th Floor, Lianhua Lotus Hall, Four Seasons Hotel Shenzhen (138 Fuhua 3rd Road, Futian District, Shenzhen)
Special Guests: Mr. Richard C. Dreher, Deputy Chief Financial Officer of the Pennsylvania Turnpike Commission, and Mr. Young Min Ban, Director of the DVRC Regional Center
Beijing
Date: March 21, 2015, Saturday, 14:30
Location: 3rd Floor, Beijing Hall, Four Seasons Hotel Beijing (Liangmaqiao Road, Chaoyang District, Beijing)
Qingdao
Date: March 22, 2015, Sunday, 14:00
Location: Conference Room 2#, 5th Floor, The Westin Qingdao (8 Hong Kong Middle Road, Shinan District, Qingdao)
Special Guests: Mr. Timothy J. Carson, former Vice Chairman of the Pennsylvania Turnpike Commission, and Mr. Joseph P. Manheim, President of the DVRC Regional Center
