For some time, the Federal Transit Administration (FTA) and the
U.S. transit industry having been working to improve the
understanding and practice of transit asset management. There is
considerable evidence that this is a critical area of focus.
Improving transit asset management is now a national policy. To
advance transit asset management, this book provides a
transit-specific asset management framework for managing assets
individually and as a portfolio of assets that comprise an
integrated system. The book provides flexible, yet targeted
guidance to advance the practice and implementation of transit
asset management. This book also examines the extent to which
selected transit agencies follow leading asset management practices
to prioritise capital investments, and challenges in using these
practices, the extent to which these agencies measure the effects
of capital investments, and FTA initiatives to support transit
agencies' use of leading practices.
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