The International Road Federation (IRF Global) today presented its prestigious road safety accolade - known as the 'Find a Way' award - to Hrvatske autoceste d.o.o. a government-owned company charged with operating, maintaining and improving Croatia’s highway network.
The infrastructure industry is a continually evolving business technology environment. Each of these innovations has brought it closer to the final frontier of the infrastructure technology revolution - the complete digitalization of infrastructure.
There is great power in an ecosystem of diverse players and parties all working towards a shared goal. And when the goal is safer roads, we need that power now more than ever before. The duty that industry and private sector companies have to be a part of the solution is also an opportunity.
On the backdrop of declining fuel consumption due to the introduction of e-vehicles and cleaner, more fuel-efficient vehicles, the sustainability of traditional sources of road user charges revenue, specifically the fuel levy, necessitates the need to adopt strategies to seek alternative and long-term funding solutions for road maintenance.
Over the next decade, LMICs are projected to invest more than US$140 bn per annum on road infrastructure construction and maintenance. The economic viability, technical, financing and maintenance options for many of these investments will be appraised and optimised using HDM-4, a highway development and management software tool.