Through the Federal Transit Administration (FTA) in the US Department of Transportation (USDOT), the Capital Investment Grant (CIG) program is the primary federal financial resource for supporting locally planned, implemented, and operated new starts, small starts and core capacity projects – covering heavy rail, light rail, commuter rail and bus rapid transit (BRT) systems.
Since the enactment of MAP-21, the FTA and the USDOT have moved forward to implement the provisions of MAP-21, which promotes alternative project delivery methods, accelerated project delivery, innovative financing and new risk management techniques. They include TOD pilots, expedited project delivery, P3 pilots, transit asset management with data management, TIFIA, TIGER and technology innovations. Studies of the Transit Cooperative Research Program (TCRP) indicate that innovative project delivery methods account for over 85 per cent of the delivery methods used for transit capital investments today.
On July 30, 2015, the House voted to pass a three-month extension of the MAP-21 authorization up to October 29, 2015. As MAP-21 nears expiration, two replacement options have been proposed. The Senate Environment and Public Works Committee has released the DRIVE Act, which maintains current funding levels (with inflation) over six years. The White House has released the GROW AMERICA Act, which increases funding by USD87 billion to USD302 billion over four years. The revised version of the GROW AMERICA Act, released in April 2015, proposes the creation of two additional programs, Rapid Growth Area Transit Program and FAST Program, for capital funding.
To explore the issues, experiences and learnings related to the capital program, Global Mass Transit has announced plans to host its first conference on Smart Delivery of Transit Capital Investment Projects – New Starts, Small Starts and Core Capacity on December 7-8, 2015 at The Willard InterContinental, Washington DC.
The purpose of the conference is to demonstrate how smart capital investment project delivery can reduce costs, expedite delivery time and expand the pool of available funding sources through the use of innovations in technology, project delivery, financing, risk mitigation and process management that are consistent with policy guidance, best practices and industry standards. The conference will seek to address the touch points in capital investment project delivery where effective, efficient and proven innovations can help reduce cost, time and risk and as well enhance customer service. The participants will include policymakers, transit agencies and operators, technology providers, specialist consultants, real estate developers, and financiers such as private equity firms and banks.
Monday, December 7, 2015 - Tuesday, December 8, 2015 9:00 AM - 4:00 PMEastern Time
Willard InterContinental1401 Pennsylvania Avenue NorthwestDistrict of Columbia WashingtonWashington USA
Cvent Online Event Registration Software | Copyright © 2000-2017 Cvent, Inc. All rights reserved.