Transit asset management is a strategic and systematic process through which an organization procures, operates, maintains, rehabilitates, and replaces transit assets to manage its performance, risks, and costs over its lifecycle. This provides safe, cost-effective, and reliable service to current and future customers.
This Transit Asset Management Plan (TAMP) has been developed by DRPT. It serves as a Group Plan for the Tier II providers (below) throughout Virginia. Creation of this TAMP involved coordination with all members of the Group Plan. This TAMP represents a roadmap for improving the state of good repair of transit assets. The TAMP also documents the Commonwealth’s policies for asset management as well as the funding practices that will improve asset management outcomes.
Transit asset management plans are required for all Federal Transit Administration grantees per MAP-21 legislation. The benefits from enhanced asset management practice include better customer service, improved productivity, reduced costs, and optimized resource allocation. An asset management plan can also improve an agency’s communication with policy-makers and stakeholders by providing a clear framework for the prioritization of capital investments and providing credible data from which to communicate capital and operating needs.
Who is this for?
Participating agencies:
- AASC/Four County Transit
- Arlington County/Arlington Transit
- Bay Aging/Bay Transit
- Central Shenandoah Planning District Commission/BRITE Transit Service
- City of Alexandria/Alexandria Transit Company (DASH)
- City of Bristol/Bristol Virginia Transit
- City of Charlottesville/Charlottesville Area Transit
- City of Harrisonburg/Harrisonburg Department of Public Transportation
- City of Petersburg/Petersburg Area Transit
- City of Radford/Radford Transit
- City of Suffolk/Suffolk Transit
- City of Winchester/Win Tran
- Danville Transit System
- District Three Public Transit/Mountain Lynx Transit
- Farmville Area Bus
- Fredericksburg Regional Transit
- Greater Lynchburg Transit Company
- Greater Roanoke Transit Company/Valley Metro
- Greensville-Emporia Transit
- JAUNT, Inc.
- Lake Country Area Agency on Aging
- Loudoun County Transit
- Mountain Empire Older Citizens, Inc.
- Pulaski Area Transit
- RADAR/Unified Human Services Transportation Systems, Inc.
- STAR Transit
- Town of Altavista/Altavista Community Transit System
- Town of Blacksburg/Blacksburg Transit
- Town of Blackstone/Blackstone Areas Bus System
- Town of Bluefield/Graham Transit
- Town of Chincoteague/Pony Express
- Virginia Regional Transit
- Williamsburg Area Transit Authority
Requirements
Tier I agencies must create their own TAM plans.
Tier II agencies have the option to participate in a group plan drafted by a sponsoring agency.