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Road Asset Management offers a strategic, long-term approach to managing our transport infrastructure.
The road network plays a crucial role in the European economy, providing a channel for the movement of goods, resources and people. However, our roads are often taken for granted, and users do not realise the importance of long-term investment.
Lack of proper maintenance can lead to irreversible deterioration of the road network across Europe and the world. In response the European Road Federation (ERF) has put forward a manifesto for action entitled Keeping Europe Moving. The document draws on the concept of Road Asset Management – a strategic, long-term approach to maintaining and enhancing the road infrastructure
Under Road Asset Management, countries generate a clear picture of the current state of their network, establish its value and the costs of maintenance, and then set up precise funding scenarios for maintaining the roads.
The balance between funding for long-term maintenance and more immediate issues is always a difficult one to strike. Yet, figures from the ERF show that each euro spent on road maintenance is amply repaid by preventing the need for later repairs and reconstruction.
The challenge now is to communicate these benefits to decision makers and encourage them to take the whole lifecycle of a road into account when considering maintenance and improvement issues.
Read the full article ‘Turning knowledge into action’ in Performance Magazine Issue 1/2014
Today, the decision to adopt Nynas composition from 30 November 2020 became final in Södertörn District Court. This means that Nynas company reorganisation is formally completed and that Nynas creditors will be paid in accordance with the composition agreement.Read more about Nynas reorganisation completed
Nynas formally exits the reorganisationRead more about After decision in the Court of Appeal
The district court's decision of 30 November to confirm the composition in Nynas AB's corporate reorganisation has been appealed by the Swedish Tax Agency on 21 December. Extraordinary reasons have since been applied based on approval of the administrators as of 22 December 2020 and Nynas has today paid in full to the Swedish Tax Agency and thus the Swedish Tax Agency no longer has any claim.Read more about Nynas reorganisation formally expected to be completed in January 2021