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U.S. Department of Transportation U.S. Department of Transportation Icon United States Department of Transportation United States Department of Transportation

Team

Morteza Farajian

Dr. Morteza Farajian

Executive Director

Dr. Morteza Farajian has served as a senior executive leading the Build America Bureau at USDOT (the Bureau) since April 2019. He is responsible for credit programs and loan guarantees with more than $31 billion in the existing portfolio and more than $24 billion allocated, issued or pending in private activity bonds that support development of multimodal transportation infrastructure. The Bureau also promotes innovative project financing solutions and helps state and local governments develop and finance Public-Private Partnership (P3) transactions for transportation facilities and transit-oriented development.

Prior to this position, Dr. Farajian served as acting Deputy Secretary of Transportation and Director of Public-Private Partnerships (P3) Office in Virginia. Over a period of seven years, he led procurement, financing and contract negotiation of multiple multi-modal transportation projects totaling $10 billion in value. Under his leadership, the P3 program in Virginia was reformed to promote competition, engage stakeholders and increase accountability. He established the first strategic program to manage a portfolio of P3 contracts post-procurement totaling $14 billion in project value.

Dr. Farajian is also an entrepreneur who co-founded a crowd-financing platform that provides local and small investors the opportunity to invest in infrastructure projects as equity or subordinate debt. He has proven experience in successfully leading multi-disciplinary teams and diverse expertise in P3 transaction structuring and negotiation, organizational transformation, business development, public policy, stakeholder management and project planning/finance.

He received his Ph.D. and M.Sc. degrees in Project Management from the University of Maryland. He also has a B.S. degree in Civil Engineering.

 


Duane Callender

Duane Callender

Director, Credit Programs Office

Duane Callender manages the Credit Programs Office within the Build America Bureau which houses the Transportation Infrastructure Finance and Innovation Act (TIFIA) and the Railroad Rehabilitation and Improvement Financing (RRIF) credit programs. He directs a staff responsible for all aspects of underwriting, portfolio monitoring and risk management. Mr. Callender oversees a portfolio that encompasses over $31 billion in Federal credit assistance to intermodal, highway, transit, rail, TOD and airport projects totaling more than $100 billion of infrastructure investment in the U.S. Previously, he held positions in DOT’s Office of Budget and Programs where he was responsible for oversight of the Maritime Administration budget, in DOT’s Inspector General’s Office and the Budget Office of the District of Columbia’s Metropolitan Police Department.

A New York native, Mr. Callender holds a Bachelor of Arts degree in Sociology from Connecticut College (1994) and a Master’s Degree in Public Administration from American University (1998).