Capital and operating budgets for transit agencies are inextricably linked, and our tools help keep the costs, revenues, and priorities in line so that our public clients can make wise choices, leveraging their limited funds to meet many competing objectives.
Transit agencies operate in a funding environment where many capital needs compete for limited funding. Foursquare ITP developed its Capital Project Prioritization Prioritizer Tool to provide transit agencies a defensible and quantitative means to prioritizing capital investments. Based on the priorities of the client, criteria are defined and scored that automatically measure a proposed investment on factors such as service delivery, operating efficiency, state of repair, and risk management.
Example Application: Foursquare ITP developed a capital project prioritization methodology for Hampton Roads Transit that allows the agency to better balance investment needs across the agency. The tool, updated annually, has been used on for many years and helps the agency streamline and justify its capital investment decision-making.