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Highways Agency

Volume 400: debated on Tuesday 4 March 2003

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To ask the Secretary of State for Transport on what basis the valuation of Highways Agency assets in the National Asset Register was made; and if he will make a statement. [99395]

The data used to compile the National Asset Register return was based on the Agency's resource accounts for the year ending 31 March 2000 which were prepared in accordance with the Treasury Resource Accounting Manual.The trunk road network was valued at depreciated replacement cost. This was based on internal costing and physical asset records adjusted to current prices and to reflect the condition of the network. The network assets comprise carriageways; earthworks; tunnels and road pavements; roadside communications; bridges and other structures; and land and buildings within the highways perimeter.Roads in the course of design or construction were valued at current cost. Most other tangible assets were similarly valued at current cost. IT hardware and office equipment was valued at historic cost.