Highway Asset Management is the co-ordinated activity of Suffolk Highways, to obtain best value from its highway assets (see definition below). Best value involves balancing costs, risks, opportunities and achievable benefits. It's more than what we do to highways; it's also about how our highways network performs to meet the needs of Suffolk’s residents and road users.
An asset management approach will help us to better understand:
- the assets we currently have,
- the condition the assets are in, and
- what funding will be needed to maintain the assets
It's widely accepted by central and local government, that taking an asset management approach helps with long term planning, setting clear standards and being cost effective.