FOR IMMEDIATE RELEASE
March 18, 2019
MARTA EARNS PRESTIGIOUS ASSET MANAGEMENT CERTIFICATION
ISO 55000 Positions Authority as World-Class Agency Ready for Expansion
ATLANTA – The Metropolitan Atlanta Rapid Transit Authority (MARTA) has achieved the prestigious International Standard for Asset Management ISO 55000 Certification, joining the ranks of London Underground and Singapore Mass Rapid Transit (SMRT) as a global transport leader in asset management.
“This certification further establishes MARTA as an industry leader in asset management,” said MARTA General Manager and CEO Jeffrey Parker. “It reassures oversight agencies and taxpayers that MARTA is managing its business at an extremely high level.”
ISO 55000 provides an asset management system model that takes a whole life cycle approach. This ensures that standards are met at every phase to maximize an asset’s working life.
“MARTA is proud to be the first transit agency in North America to achieve this certification,” says MARTA Chief of Rail Operations David Springstead. “Not only does applying the ISO 55000 standard improve our operation and the quality and level of service we can provide to our customers it also creates opportunities for reinvestment from the efficiencies we gain. Simply put, it is good for our business.”
The ISO 55000 certification also assists MARTA in easily surpassing state and federal requirements.
“The certification process requires an exhaustive look at best practices and achieving it solidifies MARTA as a world-class transit agency well positioned to expand while still maintaining our state of good repair.” said MARTA Asset Management Program Manager Teresa Ray.
The audit and certification were undertaken by Atkins, a member of the SNC-Lavalin Group, and an Endorsed Assessor by the Institute of Asset Management.