Beginning the Dialogue - Report on SGR - Federal Transit ...

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developed asset management processes designed to actively monitor current asset conditions and evaluate reinvestment needs and tradeoffs. In contrast, few U.S. transit operators possess asset management processes comparable to those in <strong>the</strong> highway sector. FTA looks forward to working toge<strong>the</strong>r with <strong>the</strong> transit industry to jointly develop asset management approaches that serve our specific needs. Asset management can help agencies: § Establish clear organizational SGR definitions and objectives; § Assess <strong>the</strong> magnitude of <strong>the</strong> issue; § Better coordinate agency planning, engineering and decision-making functions; § Prioritize <strong>the</strong> use of scarce reinvestment funds. n “TERM Light”: FTA’s Transit Economic Requirements Model (TERM) is an analysis tool designed to help evaluate long-term transit recapitalization needs. In development for more than a decade, TERM can estimate <strong>the</strong> level of capital investment required to attain a state of good repair (or o<strong>the</strong>r investment objective) and can also assess how variations in capital funding availability will likely impact <strong>the</strong> future condition and performance of transit assets. FTA is exploring <strong>the</strong> development of a simplified version of TERM (or “TERM Light”) for use by local agency capital planning staff. In return, FTA 5 will seek local agency asset data and participation in <strong>the</strong> ongoing improvement of this useful tool. n National Transit Asset Inventory: A prerequisite to effective, long-term transit capital reinvestment analysis – at ei<strong>the</strong>r <strong>the</strong> national or local levels – is <strong>the</strong> availability of good quality asset inventory and condition data. At present, only a handful of U.S. transit operators actively maintain transit asset inventories for capital planning purposes and <strong>the</strong>re is no Federal reporting on transit assets except vehicles. FTA is considering expanding <strong>the</strong> current National Transit Database (NTD) reporting requirements to include data on local agency asset inventory holdings and conditions. This data will support TERM’s assessments of national reinvestment needs and will be valuable to those agencies not currently collecting this data for <strong>the</strong>ir own needs assessment purposes. n Research and Technical Assistance: The SGR Workshop identified several areas where FTA might provide research and technical assistance relating to state of good repair and asset management. Examples include: § Asset Inventory Development: What are <strong>the</strong> best practices in <strong>the</strong> development of asset inventories and how are o<strong>the</strong>r agencies applying <strong>the</strong>ir inventories? § Linear Asset Management Tools: How are rail transit agencies utilizing “linear asset management tools” for <strong>the</strong> maintenance management and capital planning needs of <strong>the</strong>ir linear rail asset types (e.g., right of way, signals, track, tower, structures, etc.)? § Maintenance Management Systems: How can agencies make better use of <strong>the</strong>ir existing maintenance management systems to address state of good repair issues? § Innovative Financing: How can FTA support <strong>the</strong> industry in developing and promoting <strong>the</strong> use of innovative financing methods specifically designed to support capital reinvestment?
<strong>Beginning</strong> <strong>the</strong> <strong>Dialogue</strong> § Lessons Learned and Best Practices: What are r Next Steps <strong>the</strong> best practices in asset management and state of good repair planning? In <strong>the</strong> coming months, FTA will complete <strong>the</strong> Rail Modernization Study and o<strong>the</strong>r SGR related efforts designed to help inform <strong>the</strong> upcoming Surface Transportation Reauthorization. Moving forward, FTA will continue to promote attainment of industry-wide state of good repair as a key long-term objective. As we do so, we will work closely with <strong>the</strong> industry to better understand <strong>the</strong> problem and to develop effective strategies that preserve <strong>the</strong> nation’s transit capital assets and ensure safe and reliable transit service to <strong>the</strong> nation’s riding public. 6
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Page 11 and 12: FTA State of Good Repair Workshop r
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Page 15 and 16: Conditions of Transit Infrastructur
Page 21 and 22: Defining and Measuring SGR r OVERVI
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Page 35 and 36: Preventive Maintenance Number of ma
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Page 45 and 46: Approaches to Financing The overhea
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Page 51 and 52: Research Needs r OVERVIEW What kind
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