Minnesota Department of Transportation

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Asset Management

 

Cost-effective management, programming and resource allocation

About Asset Management

Asset Management provides a solid foundation from which to monitor the transportation system and optimize the preservation, upgrading and timely replacement of highway assets through cost-effective management, programming and resource allocation decisions. It is a systematic process of maintaining, upgrading and operating physical assets cost-effectively throughout their life-cycle. Asset Management provides a decision-making framework for handling both short- and long-range planning. The framework is guided by performance goals, covers an extended time horizon, draws from economics as well as engineering, and considers a broad range of assets. It links user expectations for system condition, performance and availability with system management and investment strategies (Source: FHWA Asset Management Overview, 2007 and AASHTO Transportation Asset Management Guide: A Focus on Implementation, 2013).

MnDOT Transportation Asset Management Plan

Asset Management is a systematic process of maintaining, upgrading and operating physical assets cost-effectively throughout their life-cycle.
Bridge inspectors inspecting a bridge

In accordance with the Moving Ahead for Progress in the 21st Century Act (“MAP-21” – the federal transportation authorization signed into law on July 6, 2012), MnDOT has developed its first ever Transportation Asset Management Plan. MAP-21 requires states to develop a risk-based asset management plan for the National Highway System to improve or preserve the condition of the assets and the performance of the system.
 
The legislation focuses on the development of a TAMP for bridges and pavements on the National Highway System, but encourages states to include other infrastructure assets within the right-of-way corridor. MnDOT elected to expand the TAMP beyond the MAP-21 requirements and include pavements and bridges on the entire state highway system as well as highway culverts, deep stormwater tunnels, overhead sign structures and high-mast light tower structures.

MnDOT worked closely with the Federal Highway Administration, the FHWA Minnesota Division, and regional partners (e.g. Metropolitan Planning Organizations, Regional Development Commissions) to create this plan. As a national pilot project, MnDOT’s TAMP, along with those produced by Louisiana Department of Transportation and Development and New York State Department of Transportation will serve as an example and guide for other states as they develop TAMPs of their own.

It also serves as an accountability and communication tool and will inform established capital and operations planning efforts (i.e. State Highway Investment Plan, Highway Systems Operation Plan).