As a major event to kick off the year of the Sheep in Shanghai's investment immigration sector, the official launch ceremony for Phase II of the Pennsylvania Turnpike project was grandly held on March 21 at the landmark Andaz Xintiandi hotel in Shanghai. Distinguished guests, including Mr. Richard C. Dreher, Deputy Chief Financial Officer of the Pennsylvania Turnpike Commission, and Mr. Young Min Ban, Director of the DVRC Regional Center, attended the event. Together with the many enthusiastic investors who came to hear the news, they witnessed the buying frenzy sparked by this 100% government project.
The Pennsylvania Turnpike project is an extremely rare EB-5 project jointly invested by the U.S. federal government and the Pennsylvania state government, with loans borrowed by the Pennsylvania Turnpike Commission, which has also committed to repayment. It is an EB-5 project that has already received I-924 project pre-approval from the U.S. Citizenship and Immigration Services (USCIS), and is 100% government-owned, government-invested, government-managed, government-operated, government-borrowed, and government-repaid.
As a truly rare government project in the U.S. EB-5 investment immigration market, the Pennsylvania Turnpike project has received personal promotion and support from U.S. Congressmen and senior executives of the Pennsylvania Turnpike Commission since its inception. It has become the first EB-5 project jointly promoted by U.S. Congressmen and a Chinese immigration agency since the legislation of the U.S. EB-5 investment immigration act.
The borrower of this project, the Pennsylvania Turnpike Commission, has long maintained a high credit rating. The three major international rating agencies (Standard & Poor's, Moody's, and Fitch) have assigned the Pennsylvania Turnpike Commission credit ratings of "A+", "A1", and "A+" respectively. Currently, the rating reports from these three major international agencies have become an important reference for governments, investment institutions, and individual investors in making EB-5 investment risk decisions.
Mr. Richard C. Dreher presents the "Comprehensive Strategic Partner" medal to Ms. LINDA, General Manager of Worldway Shanghai
In addition, the Pennsylvania Turnpike project has already received pre-approval from the USCIS, which means that the USCIS has pre-authorized the reasonableness and legality of the project. When the USCIS approves the I-526 conditional green card, provided that the project's legal documents remain unchanged, one only needs to focus on the legality of the investor's source of funds without having to re-examine the project, which significantly reduces the approval time. This will help investors better cope with the three major crises that may arise in 2015: potential price increases, visa retrogression, and the expiration of the Regional Center program, and collectively and actively address what is considered the "most difficult year" for U.S. investment immigration.
As a high-quality U.S. investment immigration project not to be missed in 2015, the Pennsylvania Turnpike project has become the most eye-catching immigration event this spring. For detailed inquiries, please call: 400-0907-099
