Transit Economics Requirements Model (TERM) : Overview and Application
Presented at the first FTA SGR Roundtable. TERM is used to assess the current physical condition and future investment needs of the nation’s transit assets / operators. TERM uses six modules to estimate national transit investment needs: Rehab–Replacement (Maintain or Improve Condition); Asset Expansion (Maintain Performance); Reduce Crowding (Improve Performance I); Increase Average Speed (Improve Performance II); Benefit-Cost I (Maintain/Improve Condition, Maintain Performance); and Benefit-Cost II (Improve Performance), to Evaluate cost-effectiveness of performance improvement investments.
Infrastructure Assets: Transit Assets
Resource Types: Presentation
Capabilities: Data & Information Systems, Tools & Technology
Management Processes: Resource Allocation