On March 21 and 22, Worldway Immigration Group, in collaboration with the DVRC Regional Center and the Pennsylvania Turnpike Commission, will hold grand official presentations for the Pennsylvania Turnpike Project in Shenzhen, Beijing, Qingdao, and other locations. This follows the rapid sell-out of 100 slots in the first phase of the Pennsylvania Turnpike Project in 2014, just two months after its launch, and marks the first official presentation for the second phase in 2015. At that time, heavyweight guests from the Pennsylvania Turnpike Commission and the DVRC Regional Center will be present to engage in face-to-face discussions with investors about the advantages of the government EB-5 project.
In the past EB-5 market, the launch of investment immigration projects primarily involved small and medium-sized developers in the United States who lacked funding. However, in recent years, certain state governments in the United States with high credit ratings have begun to utilize EB-5 financing to raise funds for public infrastructure projects such as roads and bridges. The Pennsylvania Turnpike Project is a rare 100% government EB-5 project.
As a result, the Pennsylvania Turnpike Project has received strong support from U.S. government officials and is referred to as a "key project that serves important national interests of the United States." Notably, U.S. Congress members personally promoted the Pennsylvania Turnpike Project in China in 2014, setting a precedent since the enactment of the EB-5 immigration law.
The Pennsylvania Turnpike Project is financed through loans from the Pennsylvania Turnpike Commission (PTC), which is a government agency under the Pennsylvania government, to EB-5 investors in a limited partnership. The Pennsylvania Turnpike Commission is responsible for the construction, financing, and operation of toll highways within Pennsylvania, established in 1937, and has managed funds exceeding $3.4 billion without any default incidents in its 77-year history.
The so-called 100% government project essentially means that the U.S. government or government agency, as the borrower, assumes the legal responsibility for repaying the principal and interest of the EB-5 funds. Typically, the credit ratings of U.S. government borrowing institutions are verifiable. The borrower for the Pennsylvania Turnpike Project, the Pennsylvania Turnpike Commission, has a very high credit rating, with the three major international credit rating agencies—S&P, Moody's, and Fitch—rating its issued revenue bonds as "A+", "A1", and "A+" respectively.
Moreover, it is noteworthy that the DVRC Regional Center recognized that the 100% government nature of the Pennsylvania Turnpike Project may lead to more cautious approval by the U.S. Citizenship and Immigration Services (USCIS). Therefore, the project was introduced to the market only after receiving pre-approval from USCIS. This means that USCIS has pre-approved the project's reasonableness and legality. When USCIS approves the I-526 conditional green card, as long as the project's legal documents remain unchanged, it only needs to focus on the legality of the investor's source of funds, without further examining the project's issues, significantly reducing the approval time. This will help investors better cope with the three major crisis events that may arise in 2015: price increases, visa backlogs, and the expiration of the regional center program.
In the spring of 2015, don't miss the official presentation of the 100% government project—the Pennsylvania Turnpike Project! Reservation hotline: 400-138-2929
Shenzhen
Date: March 22, 2015, Sunday, 14:30-17:00
Location: 29th Floor, Lianhua Hall, Four Seasons Hotel Shenzhen (138 Fuhua 3rd Road, Futian District, Shenzhen)
Special Guests: Richard C. Dreher, Deputy Chief Financial Officer of the Pennsylvania Turnpike Commission, Mr. Young Min Ban, Director of 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, Mr. Joseph P. Manheim, President of DVRC Regional Center
