Extending the Functional Life of Road Assets with Performance-Based Contracts
By Matthew Jordan-Tank, Head of Infrastructure Policy and IPPF, European Bank for Reconstruction and Development (EBRD)
[/column] [column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”] [push h=”30″] [/column] [column width=”1/1″ last=”true” title=”” title_type=”single” animation=”none” implicit=”true”]In most developing and merging market economies, roads require rehabilitation, or even reconstruction, many years prior to the expected date. Simply put: usable life is not equal to design life, and it is not uncommon to find that a road must be rehabilitated only halfway into its estimated original asset duration. While harsh climate conditions with large seasonal temperature changes may play a role, much of this ‘premature’ investment boils down to lack of systematic maintenance that is normally applied in countries with regular ‘asset management’ funding regimes. Applying performance-based maintenance contracting to the road sector can produce significant fiscal improvements, as well as user benefits in the form of better maintained and therefore safer roads.
EBRD recently published a paper providing a condensed yet substantive overview of the key international lessons learned in the area of performance-based contracts.
[button id=”” style=”filled” class=”” align=”” link=”https://www.irf.global/assets/pdf/812_PerfBasedContracting_Policy_Text_P4.pdf” linkTarget=”_self” bgColor=”accent1″ hover_color=”accent2″ font=”16″ icon=”” icon_placement=”left” icon_color=””]Read the full paper[/button]Join Matthew and other industry experts in Amsterdam, March 5-11 for the IRF’s Executive Seminar on Performance-Based Contracts.
More information at https://www.irf.global/event/pbc17-amsterdam/
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