Partnership Potential [Transportation] Law and Legal Definition
According to 49 CFR 268.1 [Title 49 – Transportation; Subtitle B Other Regulations Relating To Transportation; Chapter II Federal Railroad Administration, Department Of Transportation; Part 268 Magnetic Levitation Transportation Technology Deployment Program; Subpart A – Overview], partnership potential means “the usage of the term in the commercial feasibility study of high-speed ground transportation (High Speed Ground Transportation for America) mandated under section 1036 of the Intermodal Surface Transportation Efficiency Act of 1991 (105 Stat. 1978). Under that usage any corridor exhibiting Partnership Potential must at least meet the following two conditions:
(1) Private enterprise must be able to run on the corridor once built and paid for as a completely self-sustaining entity; and
(2) The total benefits of a Maglev corridor must equal or exceed its total costs.”
Legal Definition list
Related Legal Terms
- Accident Potential Zone [HUD]
- Accountable Injury or Illness [Transportation]
- Acquisition Assistance [Transportation]
- Administrative Takedown Funds [Transportation]
- After-Arrival Mandatory Directive [Transportation]
- Aggregate Theory of Partnership
- Air Transportation
- Air Transportation Safety and System Stabilization Act
- Air Transportation System Stabilization Board
- Alaska Natural Gas Transportation Project
