Decision details

To approve and endorse the new Asset Management policy and strategy in line with Department for Transport capital funding requirements.

34.1     The Lead Member considered a report by the Director of Communities, Economy and Transport.

DECISIONS

34.2     RESOLVED to approve the publication of the new Asset Management Policy and Strategy in line with Department for Transport funding requirements.

Reasons

34.3     The Department for Transport expects to see increased adoption of asset management principles by local highway authorities, and to that effect future funding will become dependent on demonstrating continuous improvement in this area.

34.4     The County Council has already adopted asset management principles which have produced a significant improvement in the way the county’s highway infrastructure is managed and investment decisions are made.

34.5     With the decreasing resources in the coming years, continuing to build on this work should be a priority if the County Council is able to achieve value for money during the life of the new highways maintenance contract, and therefore the maximum available resource available through the incentive grant.  Formal adoption of an Asset Management Policy and Strategy is a key milestone in this process.