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FTA Final Rule on TAM Details Requirements
FTA issued a final rule July 26 on transit asset management (TAM) that requires its grantees to develop management plans for their public transportation assets (including vehicles, facilities, equipment and other infrastructure), inventory and assess the conditions of their assets, develop priorities for investment based on the inventory and establish performance targets.
The TAM final rule also asks public transit agencies to develop a strategic approach to improving capital assets. The rule, established under MAP-21, is intended to close the gap on aging and poorly maintained transit assets.
The Federal Register text of the rule is available here.
FTA also released two proposed TAM guidebooks that detail methods for transit agencies to measure and report conditions of guideways and facilities to the National Transit Database. The Draft Facility Condition Assessment Guidebook and the Draft Guideway Performance Assessment Guidebook were released for a 60-day public comment period beginning July 26. The FTA website also includes information on a multi-part webinar series to provide technical assistance on the rule.
For more information about transit asset management, contact Rich Weaver.
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