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- Asset Management and Environmental Risk
FTA Issues Transit Asset Management (TAM) Rule
The FTA issued a final rule requiring FTA grantees to develop management plans for their public transportation assets, including vehicles, facilities, equipment, and other infrastructure. The Transit Asset Management (TAM) final rule asks transit agencies to develop a strategic approach to maintain and improve capital assets. Every FTA-supported transit provider will be required to inventory and assess the conditions of their assets, develop priorities for investment based on the inventory, and establish performance targets. The rule, established under MAP-21 legislation, is intended to close the gap on aging and poorly maintained transit assets.
More information pertaining to Transit Asset Management can be found at: https://www.transit.dot.gov/TAM