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Background

 
The Fixing America’s Surface Transportation (FAST) Act is the first long-term transportation bill passed by Congress in 10 years. It brings an end to a long period of funding uncertainty, which involved 36 short-term extensions. With the new law, funding has increased by 11 percent over five years. More than USD300 billion will be invested in surface transportation infrastructure. 

The FAST Act reinstates the bus discretionary grant program, provides critical funding for the installation of Positive Train Control systems to improve the safety of railways, makes Transit Oriented Development (TOD) expenses eligible for funding, allocates more formula funds to local decision-makers and provides design flexibilities for regional planners. It promotes innovative finance mechanisms through the establishment of a new National Surface Transportation and Innovative Finance Bureau to serve as a one-stop shop for state and local governments to receive federal funding, financing or technical assistance. It seeks to expedite the permitting process for project delivery, strengthens the Buy America requirements for vehicle and track purchases and supports workforce training, provides additional funding for the State of Good Repair Program and continues the associated Transit Asset Management requirements. 

Earlier, in September 2015, the Federal Transit Administration (FTA) issued the Notice of Proposed Rulemaking (NPRM) for transit asset management (TAM), which proposed the establishment of a National Transit Asset Management System to monitor and manage public transportation capital assets to achieve and maintain a state of good repair (SGR), and improve safety, reliability and performance. It proposed amendments to the National Transit Database regulations to conform to the proposed reporting requirements for TAM.

The Fourth Transit State of Good Repair conference is being held on March 7 and 8, 2016 at the Willard InterContinental, Washington, DC.

Mission

The mission of the conference is to explore the TAM and SGR implications of the new legislation and to develop an understanding of the lessons learned and best practices in implementing the FTA TAM Rule, which requires the delivery of TAM plans, an analysis of SGR performance targets and asset data reporting to the National Asset Management System. The speakers will include policymakers, transit agencies and operators, technology providers, specialist consultants, transit-related associations, and financiers such as private equity firms and banks.

Key issues to be explored

  • What are the funding provisions and TAM requirements under the FAST Act that are relevant to SGR?

  • What are some of the lessons learned and the best practices in implementing the FTA TAM Rule?

  • What issues are being experienced in the development, management and implementation of SGR programs and projects in large, medium and small transit agencies?

  • How can the Systems Engineering Approach be utilized to achieve the SGR goals and the data reporting requirements of the National Transit Asset Management System?

  • How can contemporary asset management upgrades be implemented with system-wide applications such as Communication Based Train Control (CBTC) (subway) and Positive Train Control (PTC) (surface rail)?

  • How can technology be leveraged to improve system effectiveness and gain efficiency through open fare collection systems, data analytics and forecasting systems, and the associated wireless communication infrastructure?

  • How can the performance of capital assets be improved and measured?

  • What role can transit-oriented development, value capture and other innovative financing methods like TIFIA loans and guarantees and TIGER Grants play in SGR projects and programs?

Event Details

  • When

  • Monday, 7 March, 2016 - Tuesday, 8 March, 2016
    8:30 AM - 4:00 PM
    Eastern Time

  • Where

  • Willard InterContinental
    1401 Pennsylvania Avenue Northwest
    District of Columbia Washington
    USA

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