State of Good Repair: Prioritizing the Rehabilitation and Replacement of Existing Capital Assets and Evaluating the Implications for Transit

Document Type


Publication Date


Subject Area

economics - appraisal/evaluation, economics - finance, infrastructure - maintainance, place - north america


Asset management, Decision making, Decision support systems, Facilities, Microsoft Excel (Software), Passenger terminals, Rehabilitation (Maintenance), Replacement strategies, Strategic planning, Transit operating agencies, Vehicles


This report presents a framework for transit agencies to use for prioritizing capital asset rehabilitation and replacement decisions. By applying this framework, a decision maker can answer questions about asset rehabilitation and replacement investment decisions. The published report is accompanied by four Microsoft Excel models, which are available electronically via the TRB website. This report and the models will be a valuable resource for transit agencies and will be of interest to regional, state, and federal agencies that oversee, plan, or finance public transportation.


Permission to link to this report has been given by Transportation Research Board, Washington, copyright remains with them.