Spending more time on asset management

News AASHTO Journal September 11, 2002
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State transportation officials, researchers and federal officials have developed a broad action plan to increase the focus and

State transportation officials, researchers and federal officials have developed a broad action plan to increase the focus and funding of asset management activities in transportation, including the creation of an Asset Management Institute.


During the two-day meeting in July, participants:


* Adopted the American Association of State Highway & Transportation Officials (AASHTO) Asset Management Strategic Plan and recommended that AASHTO assume a strong leadership role in Asset Management;


* Recommended AASHTO adopt and maintain the Framework, Guide, Training and other products being developed through the current series of NCHRP projects;


* Requested AASHTO convene a National Summit of Associations to discuss a coordinated program in Asset Management in coordination with another national conference in 2003;


* Developed a reauthorization proposal for funding and maintaining an Asset Management Program for consideration by AASHTO;


* Proposed a long-term funding initiative for sustained support of Asset Management to establish the Asset Management Institute in AASHTO, develop staff capacity in AASHTO and secure a six-year funding commitment of $30-60 million through reauthorization or from FHWA;


* Endorsed and requested FHWA/AASHTO/TRB partnership in funding and maintaining a website;


* Proposed sharing of best practices and creation of a plan/architecture for education of future professionals; and


* Proposed a national survey of the states using the new Asset Management self-assessment tool developed through the current NCHRP guide panel.


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