Infrastructure Asset Management Plans – Helping communities develop long-term rate structures
January 9, 2015
By James Hegarty, PE
I’m encouraged by Michigan’s state-wide movement toward adopting asset management as a financial planning tool for key infrastructure systems. This article supported my belief that to enjoy the current level of service from our infrastructure into the future, it’s going to cost more money.
It’s easy to see the results of neglecting to maintain and invest in roads. Potholes are more than an annoyance and failed streets are more expensive to fix than failing streets. Voters will decide on a road-funding tax proposal this Spring.
It’s less obvious to users to see what’s happening with buried infrastructure like sewer, water and storm sewer pipes. As more communities develop asset management plans for buried pipes, I’m sure we’ll need more money to keep them operating in line with our future needs.