Chartered Institute of Public Finance and Accountancy


Infrastructure Asset Management

The local highway network and other local transport infrastructure assets represent the biggest capital asset that the UK public sector holds. It is vital to national economic prosperity. Yet few authorities know what their infrastructure is worth, what it consists of, and the condition it is in – information that is essential if they want to drive down the cost base and improve service delivery.

The new Code of Practice on Transport Infrastructure Assets from CIPFA will help authorities tackle these problems with an asset management plan (AMP) approach to the provision of financial information about local authority transport infrastructure assets. 

Implementing an infrastructure asset management approach has been shown to. deliver significant value for money savings and service benefits.

Does it apply to me?

Highway engineers responsible for managing and operating the assets and finance staff responsible for highways financial management, corporate budgeting and financial planning will find the code most relevant.

The Code is a best practice guide which will help those responsible for the management of these assets develop a single set of robust financial management information which is consistent between transport authorities. Such information can

How CIPFA can help you

CIPFA offer a range of resources that compliment the Code and support you in your drive to deliver value for money and service benefits. For updates and our full range of related services register your details or visit the links on this page. Alternatively email  infrastructure@cipfa.org.uk for further information on how CIPFA can help you.

Please click here to download the Infrastructure Assets flyer.

Slides from launch event on the 19 July 2010 now available.