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Publication Number: FHWA-HRT-04-023
Date: March 2004
In 1999, with the establishment of its Office of Asset Management, the Federal Highway Administration (FHWA) made a strong commitment to bring Transportation Asset Management (TAM) to the Nation's transportation agencies. This remains a top priority for FHWA. As we have seen, TAM leads to reductions in the total life-cycle costs of providing transportation services, and improvements in safety, system reliability and condition, and financial performance.
How do you know if a highway project is worth doing, or when it should be done, or what the most cost-effective means of accomplishing it are? Economic analysis tools can provide answers to these questions when coordinated with transportation planning, engineering, environmental review, and policymaking as part of the Transportation Asset Management (TAM) process.
Informative, comprehensive, and easy to use: the new Transportation Asset Management Today Web site is all of this and more, bringing together people and information in a virtual community of practice. Open to all, the site (assetmanagement.transportation.org) is dedicated to the exchange of information and knowledge about transportation asset management (TAM). The community of practice (COP) is sponsored by the American Association of State Highway and Transportation Officials (AASHTO), with support from the Federal Highway Administration and the Transportation Research Board.
The state of the art in asphalt technology will be on display at the World of Asphalt 2003 Show and Conference, scheduled for March 17-20, 2003, in Nashville, Tennessee. The event will include exhibits, live paving demonstrations, and a range of educational programs. Running in conjunction with the World of Asphalt is the Asphalt Pavement Conference: Superpave 2003, which is sponsored by the Asphalt Pavement Alliance (APA).
As transportation agencies across the country make decisions about spending limited highway dollars, they are looking for a high payoff in terms of maximizing resources and optimizing the return on their investment. With the Interstate system completed and much of the National Highway System exceeding its design service life, these decisions are increasingly focused on maintaining and preserving the Nation's $1 trillion dollar investment in existing highway infrastructure assets.
Coming soon...an interactive Pontis training CD. The Pontis program, which is part of the American Association of State Highway and Transportation Officials' (AASHTO) BRIDGEWare line of software, can be used by highway agencies to organize their bridge data and analyze complex engineering and economic factors. The initial versions of Pontis were designed and developed by FHWA in cooperation with the California Department of Transportation, under a joint venture between Cambridge Systematics and Optima. The most recent version, 4.1, was released in 2002.
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