In an opinion piece published by the IRF, Matthew Jordan-Tank, head of infrastructure policy and IPPF, European Bank for Reconstruction and Development (EBRD) has explained that extending the functional life of road assets can be achieved using performance-based contracts.
In most developing and merging market economies, roads require rehabilitation, or even reconstruction, many years prior to the expected date. Simply put: usable life is not equal to design life, and it is not uncommon to find that a ro