(A) develop a capital investment plan for the Northeast Corridor; and
(B) submit the capital investment plan to the Secretary of Transportation and the Committee on Commerce, Science, and Transportation of the Senate and the Committee on Transportation and Infrastructure of the House of Representatives.
(A) reflect coordination and network optimization across the entire Northeast Corridor;
(B) integrate the individual capital and service plans developed by each operator using the methods described in the cost allocation policy developed under section 24905(c);
(C) cover a period of 5 fiscal years, beginning with the first fiscal year after the date on which the plan is completed;
(D) notwithstanding section 24902(b), identify, prioritize, and phase the implementation of projects and programs to achieve the service outcomes identified in the Northeast Corridor service development plan and the asset condition needs identified in the Northeast Corridor asset management plans, once available, and consider—
(i) the benefits and costs of capital investments in the plan;
(ii) project and program readiness;
(iii) the operational impacts; and
(iv) Federal and non-Federal funding availability;
(E) categorize capital projects and programs as primarily associated with—
(i) normalized capital replacement and basic infrastructure renewals;
(ii) replacement or rehabilitation of major Northeast Corridor infrastructure assets, including tunnels, bridges, stations, and other assets;
(iii) statutory, regulatory, or other legal mandates;
(iv) improvements to support service enhancements or growth; or
(v) strategic initiatives that will improve overall operational performance or lower costs;
(F) identify capital projects and programs that are associated with more than 1 category described in subparagraph (E);
(G) describe the anticipated outcomes of each project or program, including an assessment of—
(i) the potential effect on passenger accessibility, operations, safety, reliability, and resiliency;
(ii) the ability of infrastructure owners and operators to meet regulatory requirements if the project or program is not funded; and
(iii) the benefits and costs; and
(H) include a financial plan.
(A) identify funding sources and financing methods;
(B) identify the expected allocated shares of costs pursuant to the cost allocation policy developed under section 24905(c);
(C) identify the projects and programs that the Commission expects will receive Federal financial assistance; and
(D) identify the eligible entity or entities that the Commission expects will receive the Federal financial assistance described under subparagraph (C) and implement each capital project.
(1) capital projects described in clause (i) or (iii) of subsection (a)(2)(E) of this section; or
(2) capital projects described in subsection (a)(2)(E)(iv) or (v) of this section that are for the sole benefit of Amtrak.
(A) is consistent with the Federal Transit Administration process, as authorized under section 5326, when implemented; and
(B) includes, at a minimum—
(i) an inventory of all capital assets owned by the developer of the asset management plan;
(ii) an assessment of asset condition;
(iii) a description of the resources and processes necessary to bring or maintain those assets in a state of good repair, including decision-support tools and investment prioritization methods; and
(iv) a description of changes in asset condition since the previous version of the plan.
(A) not later than 2 years after the date of enactment of the Passenger Rail Reform and Investment Act of 2015, a Northeast Corridor asset management plan developed under paragraph (1); and
(B) at least biennially thereafter, an update to such plan.
(Added Pub. L. 114–94, div. A, title XI, §11306(a)(2), Dec. 4, 2015, 129 Stat. 1658.)
The date of enactment of the Passenger Rail Reform and Investment Act of 2015, referred to in subsec. (c)(2)(A), is the date of enactment of title XI of div. A of Pub. L. 114–94, which was approved Dec. 4, 2015.
A prior section 24904 was renumbered section 24903 of this title.
Section effective Oct. 1, 2015, see section 1003 of Pub. L. 114–94, set out as an Effective Date of 2015 Amendment note under section 5313 of Title 5, Government Organization and Employees.