2021-01-18 GC - Item 7 - Attachment 1 - Pathways and Boardwalks Asset Management Plan

4.5    Asset Renewals
The purpose of developing a renewal plan is to identify assets that need to be replaced to maintain
the current level of service. Asset failure due to lack of renewal will affect the capacity to deliver
future renewals of pathways and boardwalks and subsequently the service these assets provide to
the Noosa Community.

Pathways and boardwalks asset renewals are condition based. Condition assessments provide staff
the ability to develop capital renewal programs. The ongoing asset management maturity relies
heavily on the continued development of the condition assessments and subsequent implementation
of maintenance and renewal plans.

Renewal expenditure is work which does not increase the pathways and boardwalks design capacity
but restores, rehabilitates, replaces or renews an existing asset to its original service capacity.
Improved condition assessment data capture is currently being developed to include asset renewal
considerations based on physical conditions and estimates of remaining useful life of assets to guide
and improve renewal programs. Renewal plans are developed to maintain levels of service to ensure
assets achieve their optimal useful life before they reach the asset condition range of 5. Staff
continue to work through the various asset classes to develop renewal programs for the specific
asset classes.

As previously stated - In the absence of condition data, an age-based approach to identify when
Council’s pathways and boardwalks will reach their useful life has been developed to determine an
overall renewal plan. Priority is required across all the assets classes that have not had physical
condition assessments to develop a suite of renewal programs.

The graph below depicts the past and planned renewals by capital program including the next 10
years. There are major renewals planned for Boardwalks in 2024 and ongoing renewals across
pathways across the span of the 10 years. It is expected that through ongoing and detailed physical
condition assessments that more defined renewals will replace the traditional “bucket” allocations
that are currently identified and replaced with asset specific renewal programs within the 10-year
capital works program.

As the pathways and boardwalks assets age, continued condition assessments are required to
monitor the assets deterioration profiles and will produce the more defined renewal plans. The graph
below enables Council to identify and plan for these significant renewal activities for the next 10
years.




Figure 7: Pathways and boardwalks Asset Renewal Costs

Asset Management Plan: Pathways and Boardwalks                                                Page 18