Funding Needs for Maintenance and Preservation of Transportation Assets

Few agencies are adequately funded for the maintenance activities needed to keep the asset at lowest life cycle cost, particularly for ancillary assets. In addition to bridges and pavements, other assets need maintenance and preservation funding, but the needs of ancillary assets have not been investigated as thoroughly as bridges and pavements needs. Deferring appropriate preventative maintenance activities not only shortens the useful life of the asset and increases the life cycle cost, but also could lead to premature failure and potential safety and liability concerns. Establishing industry-wide tools will more comprehensively convey the benefits of investing in maintenance and preservation to budget decision-makers, including elected officials and senior management in agencies. These tools will not only enhance maintenance and preservation programs but also contribute to the prolonged service life of various asset classes. Research is needed to quantify and document additional funding requirements and provide information to effectively communicate these needs to decision-makers. The objective of this research is to develop a practical tool to accurately estimate and justify funding requirements for asset maintenance and preservation. The tool is expected to be utilized and adapted by transportation agencies to incorporate existing and future asset classes and to facilitate communication of maintenance and preservation needs to technical and nontechnical audiences.

• Record URL:
  http://apps.trb.org/cmsfeed/TRBNetProjectDisplay.asp?ProjectID=5533

Language

• English

Project

• Status: Active
• Funding: $450,000
• Contract Numbers:

  Project 19-25

• Sponsor Organizations:

  National Cooperative Highway Research Program

  Transportation Research Board
  500 Fifth Street, NW
  Washington, DC  United States  20001

  American Association of State Highway and Transportation Officials (AASHTO)

  444 North Capitol Street, NW
  Washington, DC  United States  20001

  Federal Highway Administration

  1200 New Jersey Avenue, SE
  Washington, DC  United States  20590
• Project Managers:

  Nasri, Arefeh

• Performing Organizations:

  Iowa State University, Ames

  Institute for Transportation
  2711 South Loop Drive, Suite 4700
  Ames, Iowa  United States  50010-8664
• Principal Investigators:

  Smadi, Omar

• Start Date: 20241118
• Expected Completion Date: 20270518
• Actual Completion Date: 0

Subject/Index Terms

• TRT Terms: Asset management; Financing; Life cycle costing; Maintenance management; Preservation; State of the practice
• Subject Areas: Finance; Highways; Maintenance and Preservation; Planning and Forecasting;

Filing Info

• Accession Number: 01898356
• Record Type: Research project
• Source Agency: Transportation Research Board
• Contract Numbers: Project 19-25
• Files: TRB, RIP
• Created Date: Nov 7 2023 11:54AM