Improving and maintaining AmericaÂ’s buses and bus facilities in a good physical condition so that they can successfully accomplish their performance objectives is a key strategic goal of DOT and FTA.

Subject to the availability of funds, FTA will make available approximately $650 million

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to improve of the condition of transit capital assets by providing financial assistance for recapitalization of buses and bus facilities.

As part of the program, FTA will prioritize the replacement and rehabilitation of intermodal facilities that support the connection of bus service with multiple modes of transportation, including but not limited to:
rail, ferry, intercity bus and private transportation providers.

In order to be eligible for funding, intermodal facilities must have adjacent connectivity with bus service.

In addition, FTA will prioritize funding for the development and implementation of new, or improvement of existing, transit asset management systems.

Public transportation asset management means a strategic and systematic process of operating, maintaining, and improving physical assets with a focus on both engineering and economic analysis to identify a structured sequence of maintenance, repair, rehabilitation, and replacement actions that will achieve and sustain a desired state of good repair over the lifecycle of the assets at minimum possible cost.

See details in Federal Register Volume 77, Number 25 (Tuesday, February 7, 2012)] [Notices] [Pages 6178-6190] at http://www.gpo.gov/fdsys/pkg/FR-2012-02-07/pdf/2012-275 2. pdf