Measuring and reporting the value of road maintenance and renewal works

There is an increasing need to demonstrate the value for money for all types of expenditure as governments are facing growing budgetary pressure. While there are established economic evaluation frameworks for evaluating transport capital projects, a framework for evaluating road maintenance expenditure is not commonly used, making it more vulnerable to budget cuts. The purpose of this project is to develop a framework that can help decision makers assess the value of maintenance and renewal works, in a manner consistent with capital investments. To this end, cost benefit analysis (CBA) frameworks were developed for three distinct road asset functional groups, namely road surface and related assets, bridges and other structures, and navigation and guidance related assets. The CBA frameworks are designed to measure the trade-offs decision makers are implicitly making when determining the appropriate level of road maintenance expenditure. That is, maintaining a higher level of service will lead to improved outcomes, such as faster travel speeds and fewer accidents, but will also require additional cost.

Media Info

  • Pagination: 67p

Subject/Index Terms

Filing Info

  • Accession Number: 01688696
  • Record Type: Publication
  • Source Agency: ARRB
  • ISBN: 9781925671858
  • Report/Paper Numbers: AP-R588-18
  • Files: ITRD, ATRI
  • Created Date: Dec 17 2018 12:25PM