By Nick Goldstein, vice president of regulatory affairs & assistant general counsel, ARTBA

President Donald Trump has signed an executive order to speed construction of transportation projects and other infrastructure work by reducing costly delays from environmental and permitting reviews.

The Aug. 15 order was signed during a day of infrastructure-related meetings at Trump Tower in New York City. It is the latest example of the administration’s ongoing regulatory reform efforts.

“With regulatory red tape to jump through, major infrastructure projects are held up for years at significant cost to our economy,” the White House said in a statement.

The order builds on Trump’s Jan. 24 directive to reduce unnecessary delays in the infrastructure project review and approval process. Specifically, it states that project reviews will be reduced to “an average of not more than two years” and also establishes a “One Federal Decision” concept to reduce multiple agencies from having conflicting review schedules.

The order reduces federal regulatory jurisdiction by repealing Obama administration directives expanding the definition of a “floodplain.” It also includes multiple ARTBA-supported reforms such as having one federal “lead agency” on every project and a 90-day deadline for all agency permitting decisions after a project review is completed.