| Title | Financial Planning for Transportation Asset Management: Components of a Financial Plan |
|---|---|
| Record ID | 68059 |
| Personal Name Creator |
Saadatmand, Nastaran; Gaj, Stephen |
| Corporate Creator | United States. Federal Highway Administration. Office of Asset Management, Pavements and Construction |
| Publisher | United States. Federal Highway Administration. Office of Asset Management, Pavements, and Construction |
| Publication Date | 20150601 |
| Language | English |
| Abstract | Transportation agencies have the responsibility and the challenging task to maintain, preserve and improve infrastructure assets for current and future generations. While maintaining existing assets is an overriding concern for transportation agency officials, most agencies are grappling with funding issues. Considering the fact that assets such as pavements and bridges have long useful lives, a sound asset management practice will necessitate the development of long-term asset management plans. Practices and experiences from other countries with mature asset management processes and also from transportation agencies within the U.S. show that implementing and sustaining the performance and condition of assets requires long-term financial plans that support and are linked to long-term asset management strategies. This report discusses the main components of a financial plan and shows how they can support a sustainable asset management plan for a transportation agency. Contents include: Uses of funds; Transportation agency examples; Examples from Minnesota and Colorado Departments of Transportation transportation asset management plans (TAMPs); Sources of revenue; Risks and assumptions; Gaps and surpluses; and State agency examples. |
| Rosap ID | dot:42885 |
| Rosap URL | https://rosap.ntl.bts.gov/view/dot/42885 |
| TRT Terms | Asset management; Transportation planning; Financing; Financial analysis |
| Geographical Coverage |
United States |
| Report Number | FHWA-HIF-15-017 |
| Resource type | Tech Report |
| URL | https://ntlrepository.blob.core.windows.net/lib/68000/68000/68059/FHWA-HIF-15-017.pdf |
| Format | |
| Database | NTL Digital Repository |