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Federal Transit Administration Announces Final Rule Requiring Transit Agencies to Manage, Prioritize Capital Assets

WASHINGTON – The U.S. Department of Transportation’s Federal Transit Administration (FTA) today announced a final rule requiring FTA grantees to develop management plans for their public transportation assets, including vehicles, facilities, equipment, and other infrastructure. Transit asset management (TAM) is an essential practice for providing safer, more reliable transit service nationwide, while helping lower operating costs.

Updated: Monday, May 21, 2018
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