Group Transit Asset Management Plan

Background Information

The Moving Ahead for Progress in the 21st Century Act (MAP-21) required the Secretary to develop rules to establish a system to monitor and manage public transportation assets to improve safety, increase reliability and performance and establish performance measures. The Fixing America’s Surface Transportation (FAST) Act reaffirmed this requirement.  On July 26, 2016, FTA published the Transit Asset Management (TAM) Final Rule. The regulations apply to all Transit Providers that are recipients or subrecipients of Federal financial assistance under 49 U.S.C. Chapter 53 and own, operate, or manage transit capital assets used in the provision of public transportation.

What will the Transit Asset Management Plan Do?

A TAM plan must be updated in its entirety at least every 4 years, and it must cover a horizon period of at least 4 years. The purpose is to help achieve and maintain a state of good repair (SGR) for the nation’s public transportation assets. SGR is the condition in which a capital asset is able to operate at a full level of performance. Transit asset management is a business model that uses transit asset condition to guide the optimal prioritization of funding. Currently, there is an estimated $85.9 billion transit SGR backlog. The TAM plan will help gain funding to outline goals, set policies, assess assets, focus on maintenance, and prioritize replacement/rehabilitation in order to continue operating safe, reliable, accessible, and convenient transit service.

For More Information

Please contact December Weir at [email protected]

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