This guide is designed to increase the awareness and improve the practice of asset management in the transit industry in the United States. It provides a transit agency-specific application of asset management concepts, processes, and tools.

On February 17, 2009, Congress passed the American Recovery and Reinvestment Act (ARRA) of 2009 at the urging of President Obama, who signed it into law four days later. A direct response to the economic crisis, the Recovery Act has three immediate...