U.S. Transportation Secretary Elaine Chao last month, at the request of California Republican lawmakers, postponed the federal allocation of $650 million for the California passenger rail project.
California officials have clearly stated that any significant delays will jeopardize the progress of the rail electrification plan and may lead to claims from contracted contractors. Officials announced earlier that they had reached an agreement with contractors led by Balfour Beatty and Stadler US to extend the start date from March 1 to June 30.
In a letter agreeing to delay this budget, Chao mentioned that this funding would be part of the federal budget. This means that the allocation will not be addressed until after the federal government's budget year begins on October 1 at the earliest. If the entire plan's budget review is to be completed, it could take several more years.
Experts from WorldWay Immigration point out that since the Trump administration took office, it has vigorously boosted the U.S. economy and advocated for an "America First" policy, making 2017 the best time to invest in the United States. WorldWay Immigration Group has proposed "2017 as the Year of Investment in America," and in collaboration with organizations such as the WorldWay Wealth Club, will host the "2017 U.S. Investment Summit Forum," which will kick off on March 18 in Shenzhen, where investment leaders from China and the U.S. will gather to engage in peak dialogues on U.S. investment issues related to investor relations!
At the same time, Trump is vigorously promoting immigration reform, and as the best way for Chinese investors to invest in the United States, the EB-5 Immigrant Investor Program is facing a deadline of April 28, which will impact investors whether there is a price increase or a pause.
WorldWay Immigration Group reminds investors that for EB-5 investment in the United States, they should plan early to seize important strategic opportunities for investment in the U.S. The three high-quality EB-5 investment immigration projects that have been approved by WorldWay are currently creating a buying frenzy in the market. For more details, call: 400-138-2929.