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FTA’s Transit Economic Requirements Model (TERM)

FTA’s Transit Economic Requirements Model (TERM). John D. Giorgis Federal Transit Administration Director, Office of Strategic Planning . Transit Economic Requirements Model (TERM).

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FTA’s Transit Economic Requirements Model (TERM)

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  1. FTA’s Transit Economic Requirements Model (TERM) John D. GiorgisFederal Transit AdministrationDirector, Office of Strategic Planning

  2. Transit Economic Requirements Model (TERM) • TERM assesses the current physical condition of the nation’s transit assets and long-terminvestment needs to achieve different targets • FTA’s national-level capital needs analysis tool • Designed for analysis of: • State of Good Repair (SGR) backlog • Average asset conditions • 20-year reinvestment & expansion needs • Impact of different funding levels • Impact of Cost/Benefit criteria • Asset life expectancy

  3. How Does TERM Lite Work? What do I own & what condition is it in? What are my potential backlog, condition and performance outcomes? What would I like to do, how much funding do I have, what are my priorities?

  4. TERM Asset Database Includes All Asset Types Stations / Facilities Transportation Networks • Administration • Maintenance • Passenger • Guideway • Track • Dedicated Lanes Transit Asset Database Vehicle Fleets Systems • Rail • Buses / Vans / • Non-Revenue • Electrification • Communications • Control Systems Equipment / Furnishings New Technologies NTD data • Maintenance Equip. • Computers • Elevators / Escalators • - AVL / CAD / APC • Real Time Info

  5. Decay Curves: Asset Condition vs. Age • Condition from onsite inspections plotted against age • Rating criteria defined for more than 40 bus components • Use condition 2.5 as the definition for end of useful life

  6. Expected Life using Condition 2.5 Threshold SGR Backlog

  7. Capital Reinvestment Needs Forecast - SGR Backlog Evaluate reinvestment backlog and out-year replacement needs $77.7 B backlog$14.4 B average = 5.4 years behind

  8. TERMLite • TERM for local or regional transit agencies • Well-documented and user friendly, training is available • For local long-term capital planning analysis • MS Access application • Free through FTA • Comparable to HERS-St

  9. TERM Lite: Support for Capital Planning

  10. Excel Export: Performance Forecast Metrics provide performance implications of alternative prioritizations and expenditure levels

  11. Questions? John D. Giorgis Federal Transit Administration Director, Office of Strategic Planning john.giorgis@dot.gov

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