A good Infrastructure asset management framework integrates planning, finance, engineering, maintenance and operations functions. It generally includes policies, strategies, plans, processes, institutional organization and systems, among other tools, depending on the specific needs of the country. Catering to Tuvalu's unique circumstances, the Tuvalu Asset Management Framework assists the Government to provide appropriate services to the community.
The policies, strategies and plans developed with PRIF's assistance cover all physical infrastructure assets valued $10,000 or greater and owned by the Government, local authority (Kaupule) and/or major public sector enterprises in the nation, including electricity, water supply, sanitation, transport (roads, maritime, air), ICT, buildings and other major infrastructure. The completion of the Framework will greatly improve the efficiency of the national planning and budgeting processes.