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- W583603992 abstract "This paper describes how the Federal Transit Administration (FTA) has applied risk assessment primarily to the major capital fixed guideway transit projects called New Starts to date. New Starts projects range in capital cost from $100 million to nearly ten billion. While the New Starts program constitutes less than 20 percent of FTA’s authorized funding, they are nevertheless FTA’s most visible and most highly scrutinized program. Congress has incrementally increased funding for New Starts. Between 1999 and 2006, federal funding grew by forty percent. At the same time that funding for transit increased, criticism of the management of major transportation projects grew. A number of research projects on transit and other transportation showed that actual capital costs exceeded initial cost estimates by an average of 20 to 30 percent. Some of these studies showed even greater overages." @default.
- W583603992 created "2016-06-24" @default.
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- W583603992 date "2007-01-01" @default.
- W583603992 modified "2023-09-23" @default.
- W583603992 title "Federal Transit Administration's Perspective on the Need for and Benefits of Risk Assessment on Major Capital Projects" @default.
- W583603992 hasPublicationYear "2007" @default.
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