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

                           Cumulative Maintenance, Renewal and Upgrade costs

2029

2028

2027

2026

2025

2024

2023

2022

2021

2020

2019

       $-             $50,000,000            $100,000,000          $150,000,000    $200,000,000          $250,000,000

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


Figure 8: Road infrastructure 10-Year forecasted expenditures


Development of ongoing maintenance activities will ensure that future asset failure will be minimised
with a “no-surprises” approach for future funding forecasts. This will be supported through the initial
development of condition monitoring to predict potential maintenance and renewal requirements. In
compiling the current forecasts the following general assumptions have been identified.

•       Proposed Capital Renewal Program will be funded in accordance with the current Council
        model adopted;
•       Renewal works will be prioritised according to asset condition;
•       The condition of the assets reflect what is reported within this document;
•       Current maintenance funding levels will meet service level requirements;
•       Renewals, maintenance and isolated failure replacement is generally ‘like for like’;
•       Where a renewal must be provided to a higher standard, the difference in cost between a ‘like
        for like’ renewal and the higher standard is to be treated as an asset upgrade.
•       Depreciation is in accordance with Council Policy;
•       There is no allowance for CPI as the continuing revaluation and condition inspection process
        will make adjustments for current rates.




Asset Management Plan: Roads Infrastructure                                                                    Page 21