United States Department of Transportation
i
Revised Measures for Assessing Major Investments: A Discussion Draft
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1994-09-01
[PDF-3.50 MB]
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TRIS Online Accession Number:00669109
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Abstract:The Intermodal Surface Transportation Efficiency Act of 1991 (ISTEA) made substantial changes to the criteria, included in the Federal Transit (FT) Act, which the Federal Government is to use to make discretionary grants to support major transit capital investment projects ("new starts"). In addition, on January 26, 1994, President Clinton issued Executive Order 12893 describing Principles for Federal Infrastructure Investments which applies to all programs. These actions require revision to FTA's Major Investments Policy. This paper presents the Federal Transit Administration's (FTA) proposal to address the expanded criteria and Executive Order in the Major Investments Policy. While the new policy will have an impact on the local planning procedures required for federally assisted metropolitan area transportation investments, its primary purpose is to address FTA's appraisal of candidate projects for Section 3 New Starts funds. This is because the new Policy will be used to determine FTA's rating of projects in the Section 3(j) Report to Congress on recommendations for use of Section 3 New Starts funds. The paper is being circulated among interested parties for comments and suggestions.
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