The U.S. Department of Transportation’s Federal Transit Administration (FTA) is seeking public comment on revisions to its Project Management Oversight (PMO) rule, which guides federal oversight of large transit capital investments. The proposed changes would streamline the PMO regulation by reducing the number of projects subject to FTA project management oversight.
The rule would redefine a “major capital project” as a new rail transit or bus rapid transit project with a total project cost of $300 million or more, and a federal investment of $100 million or more. The previous threshold defined a major capital project as a project costing $100 million or more but did not include federal support as a factor.
Under the federal public transportation law, FTA is required to maintain a PMO regulation. Other changes to the rule include updates to the elements of the required Project Management Plan that reflect industry best practices.
The NPRM will be on display in the Federal Register for a 60-day comment period.