2018-12-11 S&O Agenda - Attachment 1 to Item 16 - Road Infrastructure Asset Management Plan

                                              Renewal Expenses Forecast
  $6,000,000


  $5,000,000


  $4,000,000


  $3,000,000


  $2,000,000


  $1,000,000


         $-
                 2019      2020        2021     2022       2023      2024     2025        2026    2027     2028     2029


        Sealed ( with Signs & Lines)    Gravel Rd (with signs & lines)   Road Furniture    Landscaping / Mowing   Car parks




Figure 7: Road infrastructure Asset Renewal Costs


Figure 7 identifies the cumulative costs and future investment required in renewing road
infrastructure over a 10-year period. The sealed road reseal program is Council’s most significant
renewal program and is identified in Annex D and is reflected in the development of Council’s 10-
year Capital Works Program.

4.6     Capital Upgrades and New Assets
Council has previously used a prioritization approach to the creation of capital upgrades and new
assets, however, there is now an opportunity to develop an advancement in our systems in the
overall assessment and management of our road infrastructure assets when considering further
upgrades and creation of new assets.

Included as part of the system improvements is the progression to decision making based on better
data. Modern tools of data collection and interpretation will allow a greater understanding of how
assets are used, how they are performing and where the demands for improvements are.

The combination of better data into models of cost benefit analysis, sustainability, environmental
impacts and overall community benefit will ensure efficient and effective planning for capital
upgrades and new road infrastructure assets.

As an example, the development of the Noosa Transport Strategy initiatives will aim to capture data
and undertake the above functions to support when upgrades for new on and off road infrastructure
assets should be considered.




Asset Management Plan: Roads Infrastructure                                                                           Page 16