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Built Infrastructure assets consists of a vast networks of energy supply systems, transport, water supply networks, pipelines, wastewater and storm water systems, recreational facilities, property networks, telecommunications, and many others. These infrastructure assets exist primarily to support the delivery of service.

They provide the platform for economic development, more sustainable societies, social and recreational needs of public and communities, think of public health and safety, societal capital investment, equally resilience in the face of unexpected shocks like floods.

While infrastructure assets represent a significant national and societal capital investment in both the existing and new, these are often taken for granted until something fails or no longer to provides the expected service. For these reasons, asset-owning entities in both developed and developing nations are in the journey towards demonstrating good infrastructure assets stewardship. They do this by minimizing life cycle costs by keeping infrastructure assets in good state of repair, while maintaining good levels of service at acceptable risk.