Road asset evaluation models, case study

Diana Bardhi

Last modified: 2024-05-07

Abstract


This article is dedicated to the problem of modelling for the technical-economic value of roads, as public assets. Carrying out asset valuation helps us to fulfil the legal requirements, for an effective financing of infrastructure and the improvement of management through the provision of technical data and financial perspective. Addressing the problem of their evaluation requires a careful treatment, but also the introduction of other disciplines. It is very important that road authorities and specialists involved in the evaluation process understand the nuances of modelling and, most important, the interpretation of the results. In this article, we guarantee a discussion of the problem of evaluation of road assets, we show the properties, which through a "Typical-example-ideal" model can give some relevant instructions to the implementers. This article concludes with a discussion of three examples of real-life assessments conducted in Albania.

Keywords


: Road assets; model; evaluation; managing maintenance