approach, that allows for allocation of resources. This approach should incorporate the master planning, design, construct, operation and renewal of infrastructures and should be able to deal with evolving stakeholders demands, such as invoked by climate change effects, new transportation concepts and policies to achieve modal shift. Key topics are: achieving balance between performance, risk and cost in a context of changing demands; cross network planning and cross asset optimisation, based on stakeholders' needs; risk-based operation, maintenance and renewal strategies(e.g. in view functionality/life span); asset value strategies.