Publication: Serbia Railways Asset Management Plan Using Life-Cycle Costs
Date
2020-05-09
ISSN
Published
2020-05-09
Author(s)
World Bank
Abstract
The objective of the World Bank’s
technical assistance (TA) in the asset management planning
ofSerbia’s railways, using the life-cycle cost (LCC) method,
is to improve the condition of key track infrastructure in
the country. The appropriate use of the LCC model would
enable Serbian Railways Infrastructure (Infrastruktura
Zeleznice Srbije, IZS) to optimize the use of the scarce
financial resources available for maintaining track
infrastructure. The LCC model offers a simple and
inexpensive way to estimate the longevity and condition of
track infrastructure and the costsassociated with its
renewal and maintenance. This is important, as the model’s
concepts and principles form the foundation for the
establishment of a more advanced rail asset management(RAM)
system. This TA introduces this capacity in IZS, with a
focus on track infrastructure, and thus, paves the way for
further advances in RAM, which ideally will cover all rail
system components (structures, signaling, rolling stock, and
others). This report describes the LCC model, as it is
applied to managing track assets; outlines the steps
followed during the TA to transfer requisite knowledge to
IZS; and recommends how IZS might solidify the
implementation of the LCC model. The report concludes with
recommended next steps and offers guidance for other
countries seeking to improve the sustainability of their
rail infrastructure.
Citation
“World Bank. 2020. Serbia Railways Asset Management Plan Using Life-Cycle Costs; Serbia Railways Asset Management Plan Using Life-Cycle Costs. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/34162 License: CC BY 3.0 IGO.”