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Whole life cost analysis provides a holistic, long-term approach to planning road maintenance, with benefits for industry, users and the environment.
The estimated total value of roads in the European Union is EUR 8,000 billion. Keeping this crucial asset in good working condition through planned maintenance is no easy task. In light of restricted budgets, there will be more focus on increasing road efficiency, and therefore an emphasis on maintenance, road performance and asset preservation.
Carrying out regular road condition surveys and planned maintenance is an effective means of managing Europe’s road infrastructure. Many factors must be taken into consideration for the best strategies to be implemented.
In this Guide, we explore whole life costing and how it can be used to maximise the lifespan of roads using the most economical approach possible.
The aim of whole life costing is to determine the total cost of ownership of an asset. This is done by calculating the direct and indirect costs that may occur during the asset's lifecycle. As a result, decision makers have a source of information that allows them to compare various maintenance strategies and determine the most economical option over a defined period.
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