WASHINGTON – The U.S. Department of Transportation's Federal Transit Administration (FTA) today announced that the agency is seeking public comment on revisions to its Project Management Oversight (PMO) rule, which guides federal oversight of large transit capital investments. The proposed changes would streamline the PMO regulation by reducing the number of projects subject to FTA project management oversight.
A Notice of Proposed Rulemaking (NPRM) was published today in the Federal Register.
The rule would redefine a "major capital project" as a new rail transit or bus rapid transit project -- or an extension, rehabilitation or modernization of an existing transit system -- with a total project cost of $300 million or more and with a federal investment of $100 million or more. The previous threshold defined a major capital project as a project costing $100 million or more but did not include federal support as a factor.
The NPRM will be on display in the Federal Register for a 60-day comment period.
Links:
Federal Register Notice - (NPRM)
FTA Project Management Oversight
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