An infrastructure asset is an asset that is part of a network of assets that serves a community. Roads, footpaths & bikeways, and drainage, water reticulation and sewerage assets are typically considered to be infrastructure assets.
Infrastructure assets are classed as items of "property, plant and equipment" under accounting frameworks and standards, e.g. AASB 116.
The IIMM describes "Infrastructure Assets" as "Stationary systems forming a network and serving whole communities, where the system as a whole is intended to be maintained indefinitely at a particular level of service potential by the continuous replacement and refurbishment of its components. The network may include normally recognised ordinary assets as components.
The DVC describes "Infrastructure Assets" as "physical assets of the entity or another entity that contribute to meeting the public's need for access to major economic and social facilities and services, e.g. roads, drainage, footpaths and cycle ways. These are typically large, interconnected networks or portfolios of composite assets. These components of these assets be be separately maintained, renewed or replaced individually so that the required level and standard of service from the network of assets is continually sustained. Generally the components and hence the assets have long lives. They are fixed in place and often have no market value.