ASSE T MANAGEMENT
ASSET CLOSURE – TICK THE BOX OR THINK OUTSIDE THE BOX? By Simon Mezger, Principal Infrastructure Advisory: Utilities, Aurecon
The fanfare that surrounds the mobilisation of a new asset is never quite present when it closes. In fact, no one usually remembers the opening because it’s been many decades and a generation of workers ago. Costs to close assets are capital commitments usually viewed as balance sheet liabilities to be minimised. It’s hardly surprising then, that the increasingly heavy economic, political, environmental and regulatory burdens of asset closure are multidimensional and present a serious challenge. 42
UTILITY • AUGUST 2021
WWW.UTILITYMAGAZINE.COM.AU