Jacob Falk has re-joined Chadbourne & Parke’s project finance group as counsel, the New York-based international law firm said in a statement.
Falk returns to the firm after serving a five-year term as director of the US Department of Transportation’s (USDOT) Office of Infrastructure Finance and Innovation, which he helped establish. The office advises the department’s leadership on improving transportation finance and project delivery, including developing public-private partnerships (P3s or PPPs) and project financing mechanisms.
“I am thrilled that Jake has decided to return to Chadbourne after his five years with the USDOT,” said Doug Fried, head of Chadbourne’s PPP practice.
During his tenure at the government agency, Falk advised on the expansion of the Transportation Infrastructure Finance and Innovation Act (TIFIA) programme, which will provide up to $17 billion of financing for fiscal years 2013 and 2014; he managed the Private Activity Bonds (PABs) programme and the $3.6-billion Transportation Investment Generating Economic Recovery (TIGER) grants programme.
It is this experience, as well as Falk’s “focus on the development of PPPs [that] will be extremely beneficial to our clients,” Fried noted.
Before joining the government agency, Falk had worked for Chadbourne & Parke’s project finance group for five years, where he structured and negotiated concession and financing arrangements for clients’ transportation and energy projects in the US and internationally.
Falk will once again be based in Chadbourne’s Washington DC office.