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9/24/2020
The Federal Transit Administration (FTA) yesterday announced a final rule that amends Project Management Oversight (PMO) regulations of transit capital investments.
The final rule streamlines the PMO regulation by reducing the number of projects subject to FTA project management oversight and modifies the regulation to make it consistent with statutory changes, FTA officials said in a press release.
The rule defines a "major capital project" as a new fixed guideway — or an expansion, rehabilitation or modernization of an existing fixed guideway system — with a total project cost of $300 million or more with a federal investment of $100 million or more.
The previous threshold defined a major capital project as one that cost $100 million or more but did not include federal support as a factor.
The final rule has been published in the Federal Register.