Major Capital Project [Transportation] Law and Legal Definition
According to 49 CFR 633.5 [Title 49 – Transportation; Subtitle B Other Regulations Relating to Transportation; Chapter VI Federal Transit Administration, Department of Transportation; Part 633 Project Management Oversight; Subpart A General Provisions], major capital project means “a project that:
(1) Involves the construction of a new fixed guideway or extension of an existing fixed guideway;
(2) Involves the rehabilitation or modernization of an existing fixed guideway with a total project cost in excess of $ 100 million; or
(3) The Administrator determines is a major capital project because the project management oversight program will benefit specifically the agency or the recipient. Typically, this means a project that:
(i) Generally is expected to have a total project cost in excess of $ 100 million or more to construct;
(ii) Is not exclusively for the routine acquisition, maintenance, or rehabilitation of vehicles or other rolling stock;
(iii) Involves new technology;
(iv) Is of a unique nature for the recipient; or
(v) Involves a recipient whose past experience indicates to the agency the appropriateness of the extension of this program.”
Legal Definition list
Related Legal Terms
- Absolute Majority
- Accountable Injury or Illness [Transportation]
- Acquisition Assistance [Transportation]
- Adjusted Capital Contribution
- Administrative Takedown Funds [Transportation]
- Adventure Capitalist
- After-Arrival Mandatory Directive [Transportation]
- Age of Majority
- Air Transportation
- Air Transportation Safety and System Stabilization Act
