Code Of Practice On Transport Infrastructure Assets

This document contains guidance on a common framework for the discussion, development and implementation of highway infrastructure asset valuation by local highway authorities in the UK, in line with financial reporting and asset management requirements. Specific guidance is given for roads, segregated footpaths and cycle routes, and the document covers all fixed assets that form an essential part of the highway network, including earthworks and drainage, pavements and verges, fencing, lighting, street furniture, traffic management and communication assets. It sets out a step by step procedure covering asset clarification, data requirements, calculation of Gross Replacement Cost, calculation of depreciation and impairment, reporting and monitoring of asset value; and examples are given in the appendices to illustrate methodology application.

This publication contains important guidance for local authorities that own and operate electronic traffic equipment on their network. This Code of Practice is the first document within the UK which establishes a series of good practice policies and procedures, obtained from experts, on how effectively to manage the maintenance of fixed location electronic traffic control equipment. The growth of technology in the highways sector has led to improvements in congestion control and a reduction in carbon emissions. Adoptions of the recommendations within this code will help local authorities achieve delivery of high quality services.