CH2M HILL in the U.S. has released a study, “Water Infrastructure Asset Management: Adopting Best Practices to Enable Better Investments.” Conducted in partnership with McGraw-Hill Construction the study found that the use of an asset management approach has a strong, positive impact on how utilities make decisions on asset investments.
The 2013 Water Infrastructure Asset Management study was completed in conjunction with five industry associations that reviewed the survey and distributed it to their members: American Public Works Association, American Water Works Association, National Association of Clean Water Agencies, National Association of Water Companies and Water Environment Federation. The study included 451 respondents from the U.S. and Canada, from utilities ranging from those serving a minimum population of 3,300 to a population of over 500,000.
When asked what was the single biggest driver of wider use of asset management by water utilities, 39% indicated significant needs in the industry to replace, upgrade or expand existing infrastructure, and 25% regard the need to determine capital investment and maintenance strategies and budgets as most important.
To access the report, click here.