Transit Asset Management (TAM)
Transit Asset Management uses the condition of assets to guide the optimal prioritization of funding at transit properties in order to keep transit networks in a State of Good Repair (SGR). SGR is defined as the condition in which a capital asset is able to operate at a full level of performance. A capital asset is in a SGR when that asset is able to perform its designed function, does not pose a known unacceptable safety risk, and its lifecycle investments must have been met or recovered.
Transit Asset Management (TAM) Plan
In July 2012, the U.S. Congress enacted the MAP-21 (Moving Ahead for Progress in 21st Century) Act, which directed the Federal Transit Administration (FTA) to establish Transit Asset Management (TAM) requirements. In July 2016, FTA issued the Final Rule establishing requirements for Transit Asset Management (TAM), which apply to recipients and subrecipients of FTA funds. This was part of an overall Federal initiative to improve the state of good repair of transportation assets throughout the nation.
The FTA final rule has different requirements based on the relative size of the transit provider. Tier I providers are those operators with 101 or more vehicles in revenue service or operators of rail fixed-guideway public transportation systems. Tier II providers are Subrecipients of 5311 FTA funds, or are an American Indian Tribe, or are operators with 100 or fewer vehicles in general demand response service.
The TAM Plan requirements for smaller transit (referred to as Tier II) providers are less than those for the larger Tier I providers.
The Final Rule requires that TAM Plans for Tier II transit providers include the following four (4) elements:
Inventory of capital assets
A condition assessment of the capital assets for which the provider has capital responsibility
A description of decision-support tools used to estimate capital investment needs over time and develop the investment prioritization
A project-based prioritization of investments
Tier I providers are required to include the above listed four (4) elements plus additional elements such as TAM and SGR policy, implementation strategy, engagement activities, resources needed, and processes to ensure continuous improvements to TAM.
The Georgia Department of Transportation (GDOT) has developed this Group Transit Asset Management (TAM) Plan on behalf of 91 participant Tier I & II transit providers in accordance with Federal Transit Administration (FTA) requirements.