Funding infrastructure maintenance

Providing funds for upkeep of public property

Description

Funding infrastructure maintenance involves securing and allocating financial resources to ensure the ongoing repair, upgrade, and operation of essential public assets such as roads, bridges, water systems, and energy grids. This strategy addresses the risks of deterioration, service disruption, and increased long-term costs by prioritizing regular investment, establishing dedicated maintenance funds, and leveraging public-private partnerships. Effective funding safeguards infrastructure reliability, public safety, and economic stability by preventing costly failures and extending asset lifespans.

Claim

Adequate allocations for operations and maintenance are essential for efficient use of the existing capital stock. Governments often face a tradeoff between maintenance and new investment, but the former is usually the more efficient. The cost of rebuilding roads can be three to five times that of timely maintenance.