This paper summarizes the TRansportation ANalysis and SIMulation System (TRANSIMS) Project, the system`s major modules, and the project`s near-term plans. TRANSIMS will employ advanced computational and analytical techniques to create an integrated regional transportation systems analysis environment. The simulation environment will include a regional population of individual travelers and freight loads with travel activities and plans, whose individual interactions will be simulated on the transportation system, and whose environmental impact will be determined. We will develop an interim operational capability (IOC) for each major TRANSIMS module during the five-year program. When the IOC is ready, we will complete a specific case study to confirm the IOC features, applicability, and readiness.