Definitions for "Major Investment Study"
Keywords:  mis, subarea, fta, metropolitan, fiscal
A study required by FHWA and FTA in their Metropolitan Planning Final Rules of November 29, 1993. The MIS is an evaluation of the effectiveness and cost-effectiveness of alternative transportation investments in attaining local, State, and regional goals and objectives for the metropolitan area. The study uses a cooperative process which leads to a decision on the design concept and fiscal scope of an investment(s). The recommended design concepts(s) may result in additional development as a transportation project(s).
A planning process previously used by the Federal Transit Authority (FTA) to evaluate transit projects. The Alternatives Analysis and Draft Environmental Impact Study (AA/DEIS) have replaced the MIS.
a federal process for identifying, evaluating and selecting transportation alternatives that address specific problems