Asset management can be defined as "a strategic approach that identifies the optimal allocation of resources for the management, operation, preservation and enhancement of the highway and transport infrastructure to meet the needs of current and future customers".
The authority has as part of its streetlighting asset 56,000 street lights, 250 Illuminated bollards and 2,000 Illuminated signs this would require £57 million to fully replace all columns, lights, bollards and signs.
The existing street lights are in various conditions and ages and therefore do not need to all be replaced at the same time we therefore must develop a life cycle plan based on priorities in order to maximise the budget and minimise 'whole life costs' that will ensure that the streetlights are both kept in a safe steady state and improved over time.
The street lights undergo a series of structural and electrical inspections surveys that measure various parameters attached to the condition these surveys allow the authority to identify street lights on the network that require attention.
Milton Keynes has developed a new approach to Street Lighting asset management to enhance the life of this asset, this will reduce the cost to maintain and provide lighting that will perform at the highest level for the user.
The aim in MK is to upgrade all its street lights to new LED technology and only replace those columns that fail structural tests. This approach will create an asset that requires minimal maintenance whilst enhancing the quality of the lit environment and maximise energy savings and reduce our carbon footprint.
Milton Keynes Council has invested £50m into a Transport Infrastructure Programme, in order to move to an Asset Management model for its assets we are looking to utilise new technology to support this. The funding profile for the streetlighting replacement programme is 'front loaded' to accelerate our change to low energy LED to ensure we achieve our targets.
For more information on asset management, visit the Milton Keynes Council's Asset Management web page.