Selecting Assets to Include / Aurizon
Aurizon is Australia’s largest freight rail operator, transporting more than 500 million tons of coal to markets including Japan, China, South Korea, India, and Taiwan, in addition to over 800 million tons of freight through an extensive network throughout the country. Aurizon Network manages the largest heavy haul rail infrastructure network in the country. The network is economically regulated by the State through a process that sets investment levels and tariffs. Asset management practice is well-entrenched in the organization, with a focus on “optimizing the life of assets, keeping a tension between investment in maintenance and capital.” The scope of the Aurizon Network asset base, known as the Regulated Asset Base includes all assets used in the provision of the rail infrastructure service. Management is informed by external engineering standards and legislative and regulatory obligations including:
- Prevention and intervention levels specified in an Asset Maintenance and Renewals Policy.
- Commitments to the Central Queensland Coal Network.
- A Safety Management System aimed to minimize safety risks.
- Network Strategic Asset Plan models which are based on asset age, predicted condition and historical and forecasted usage.
Source: Aurizon. 2019. Network: Planning and Development.https://www.aurizon.com.au/what-we-deliver/network#planning---development
Read more in the chapter: 2.3.2 Defining and Prioritizing Improvement in TAM Approaches