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Every transportation agency must accurately forecast and prioritize capital expenditures and manage assets effectively to properly maintain and improve its infrastructure. Private industry has been implementing asset management programs for years. Public agencies are following suit, with transportation agencies typically at the forefront, as they are heavy in infrastructure assets that require ongoing maintenance. Toll agencies, in particular, have taken an early lead as organizations that, like profit-centered businesses, need to justify budgets based on revenues.
Florida's Turnpike Enterprise, a division of the Florida Department of Transportation (FDOT), has ...