The Federal Transit Administration (FTA) defines Transit Asset Management (TAM) as a business model that uses the condition of assets to guide the optimal prioritization of funding of transit priorities in order to keep the transit network in a State of Good Repair. The purpose of TAM is to help achieve and maintain a State of Good Repair for the nation’s public transportation assets. TAM regulations apply to all transit providers that are recipients or sub-recipients of federal assistance under 49 U.S.C. Chapter 53 that own, operate or manage transit capital assets used in the provision of public transportation.
The City of Jackson, which operates JATRAN, is responsible for developing a TAM Plan and establishing TAM targets as the designated public transit provider in the Jackson MPO planning area. The MPO must establish TAM targets specific to the MPO planning area within 180 days of the transit provider establishing its TAM targets.
Rolling Stock: Percentage of revenue vehicles (by type) that exceed the useful life benchmark.
Equipment: Percentage of non-revenue service vehicles (by type) that exceed the useful life benchmark.
Facilities: Percentage of facilities (by group) that are rated less than 3.0 on the Transit Economic Requirement Model (TERM) Scale.
Infrastructure: Percentage of track segments (by mode) that have performance restrictions.
TAM Plan and Targets
TAM Plans must be updated in its entirely at least every 4 years, and must cover a horizon period of at least 4 years. An initial TAM Plan must be completed by October 1, 2018. TAM targets should be set annually by each transit provider for the coming year beginning January 1, 2017.
Transit Asset Management Targets
System performance is currently under review and additional information will be provided in the future.