TRANSIT ASSET MANAGEMENT (TAM) PLAN

Share & Bookmark, Press Enter to show all options, press Tab go to next option
Print

FST is committed to operating a public transportation system that offers reliable, accessible, and convenient service with safe vehicles and facilities. TAM is an administrative management process that combines the components of investment (available funding), rehabilitation and replacement actions, and performance measures with the outcome of operating assets in the parameters of a SGR.

FST is currently operating as a FTA-defined Tier II transit operator in compliance with (49 CFR § 625.45 (b)(1). Tier II transit providers are those transit agencies that do not operate rail fixed-guideway public transportation systems and have either 100 or fewer vehicles in fixed-route revenue service during peak regular service, or have 100 or fewer vehicles in general demand response service during peak regular service hours.

This TAMP provides an outline of how FST will assess, monitor, and report the physical condition of assets utilized in the operation of the public transportation system. FST’s approach to accomplish a SGR includes the strategic and systematic process of operating, maintaining, and improving physical assets. FST will focus on both engineering and economic analysis, based upon quality of information, to identify a structured sequence of maintenance, preservation, repair, rehabilitation, and replacement actions. These efforts will achieve and sustain a desired SGR over the lifecycle of the assets at a minimum practicable cost. This document shall cover a “horizon period” of time (10/1/2023 to 12/31/2027). This TAMP shall be amended annually or when there is a significant change to staff, assets, and/or operations occurring at FST. The TAMP was last revised in 2022.

The requirement for TAM originated on July 6, 2012 upon signing the Moving Ahead for Progress in the 21st Century Act (MAP-21) federal transportation bill into law. The law provided over $105 Billion at that time with approximately $140 Billion in the current surface transportation programs through the Bipartisan Infrastructure Law. On September 30, 2015, FTA published the TAM Notice of Proposed Rulemaking, which ultimately, led to agencies being required to submit TAMP by October 1, 2018. FST met the requirement for the original submission deadline. Staff continues to update future related asset changes and planned acquisitions.

 

TAM Plan: Fort Smith Transit Asset Management Plan 2023