6 transits to participate in FTA asset management pilot
The program encourages urban, suburban and rural transit agencies to find new, cost-effective ways to manage and maintain the condition of their systems — everything from railroad tracks and train stations to bus facilities and electrical equipment, resulting in improved system safety and reliability.
The Federal Transit Administration (FTA) selected six transit agencies from around the country to participate in its Transit Asset Management pilot program and share $4 million to help them take a more strategic and systematic approach to determining and anticipating when equipment needs maintenance or repairs, or when it needs to be replaced.
The program encourages urban, suburban and rural transit agencies to find new, cost-effective ways to manage and maintain the condition of their systems — everything from railroad tracks and train stations to bus facilities and electrical equipment, resulting in improved system safety and reliability.
The Massachusetts Bay Transportation Authority, Peninsula Corridor Joint Powers Board (San Francisco Bay area), Regional Transportation Authority (Chicago and Northeast Illinois), Utah Transit Authority, Valley Regional Transit (Meridian, Idaho), and Virginia Department of Rail and Public Transportation were selected to participate in the pilot program.
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