In association with Element Consulting Engineers (Namibia), Cardno IT Transport were contracted to develop a Road Asset Management Framework (RAMF) for the Namibian road sector. The fundamental project objectives are briefly described as follows;
- Development of a RAMF for the Namibian road sector
- Development of a comprehensive Asset Management Policy, Strategy and Plans
- Development of a forward-looking structure investments
Namibia’s national road network is one of the country’s largest community assets. The significance and importance of the road network requires it to be well preserved, and well managed through the necessary and efficient allocation of financial and human resources. Otherwise, the network will not be able to achieve it’s intended performance objectives and contribute to the socioeconomic development of the country.
The RAMF should represent a strategic approach to managing the network through a set of principles to improve how the Road Authority and its stakeholders conduct business, and the manner in which decisions are made to ensure a sustainable and efficient approach to carrying out their mandate. Road Asset Management (RAM) needs to form an integral part of the overall corporate planning process, aligned with the strategic business planning supported by the entire organisation.
The benefits of road asset management can include, but are not limited to, the following;
- Improved financial performance and the return on investments whilst preserving asset value
- Informed asset decisions
- Managed risk – improving health and safety, organisational reputations, minimizing environmental and social impact
- Improved services and outputs
- Demonstratable social responsibility
- Demonstrable compliance – transparently conforming with legal, statutory and regulatory requirements
- Enhanced reputation through imporved customer satisfaction, stakeholder awareness and confidence;
- Improved organisational sustainability