MAP-21 What's the impact on Asset management?

In July 2012, the Moving Ahead for Progress in the 21st Century Act (MAP-21) became law. It was conceived in an effort to stem a growing state of good repair backlog (est. $85 billion per the Federal Transit Administration, “FTA”) and improve safety. MAP-21 fundamentally shifted the focus of federal funding for transportation to emphasize the need to maintain, rehabilitate and replace those investments.

Major Provisions of MAP-21

a) National Transit Asset Management (TAM)

b) National Transit Database (NTD)

c) Public Transportation National Safety Plan

The National Transit Asset Management System is comprised of the following five pillars:

The definition of “State of Good Repair”
A requirement that recipients and subrecipients develop TAM plans. TAM plans must be updated in their entirety at least every 4 years, and must cover a horizon period of at least 4 years. An initial TAM plan must be completed no later than 2 years after the effective date of this part
State of Good Repair (SGR) performance measures, and a requirement to set performance targets based on those measures
Annual reporting requirements on the condition of capital assets compared to established targets in the FTA’s National Transit Database
Technical assistance from the FTA

PROPOSED STATE OF GOOD REPAIR DEFINITION

1. The condition in which a capital asset is able to operate at a full level of performance. A capital asset is in a state of good repair when an asset:

2. Is able to perform its designed function

3. Does not pose a known unacceptable safety risk, and

4. Its lifecycle investments must have been met or recovered