On September 20, Worldway held a launch event for the U.S. EB-5 investment immigration "Pennsylvania Turnpike Project" at the Four Seasons Hotel Shenzhen. The Director of the DVRC Regional Center presented the exclusive Greater China general agency certificate for the project to Hu Kairu, General Manager of Worldway's Shenzhen office. It is understood that the project received I-924 pre-approval from the U.S. Citizenship and Immigration Services (USCIS) on May 27 of this year. The venue was packed, and sales were robust.
Nick Grieshaber, Chief Financial Officer of the Pennsylvania Turnpike Commission, stated that transportation issues have always been a priority for the Pennsylvania government. The Pennsylvania Turnpike Project is a key U.S. highway connection hub project, jointly invested by the federal and state governments, with construction and operations managed by the Pennsylvania Turnpike Commission. Construction is currently underway, and the completion of the I-95 interstate highway is expected in 2018.
According to Manager Zhang of the Worldway Group U.S. Project Department, the total investment for the project is $420 million. The Pennsylvania Turnpike Commission will raise $50 million from 100 EB-5 investors, with unconditional repayment. The international rating agency Standard & Poor's has assigned it an A+ credit rating. The project features an EB-5 investment bank escrow account. It is estimated that the project will create 5,368 jobs, with an employment multiplier of 5.37, and these job positions have already been recognized by the USCIS.
"The project has already received I-924 pre-approval from the USCIS. This means that the USCIS has pre-approved the reasonableness and legality of the EB-5 investment project. Therefore, when reviewing the I-526 conditional green card application, provided that the project's legal documents remain unchanged, the focus will only be on the legality of the investor's source of funds, without the need to re-examine the project itself. This can significantly reduce approval time, allowing investors to obtain I-526 approval and receive their conditional green cards faster. This is very favorable for addressing potential future backlogs and visa scheduling issues in U.S. investment immigration," said Manager Zhang. Worldway has also launched a 5-day express filing service for this project; as long as the investor's personal documents are complete and in order, the legal team will submit the application to the USCIS within 5 days of receiving the client's documents from Worldway.
Screenshot of Shenzhen Economic Daily report
