PTD Capital LLC
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Urban Systems

Meridian Road Services

Status
Active
Entry date
2017-04-03
PTD Capital investment
Recorded current value
Ownership
Internal lead
Selene Ibarra
Last reviewed
2026-09-30

Overview

Meridian Road Services coordinates road inspection, planned maintenance and limited civil works across a network of regional operating units.

Activities

  • Road-surface inspections
  • Intervention planning
  • Preventive maintenance
  • Limited civil works
  • Technical-team monitoring

Financial history

Investors OnlyAccess

Funded workstreams

MRS-01 / ReportingActive

Common intervention classification

Replace five regional labels with one signed classification.

Budget
Spent
Target
2026-09-30
Owner
Maia Lorne

Latest record. Seven zones now use the common code set; historic mapping remains open.

Next decision. Approve the historic-record conversion rule.

MRS-02 / OperationsDelayed

Western zone operating review

Review inspection coverage, queue ageing and supervisor capacity.

Budget
Spent
Target
2026-10-28
Owner
Selene Ibarra

Latest record. The western review remained delayed at Q3 close while source files and intervention classifications were reconciled.

Next decision. Accept the reconciled western review at the October review boundary.

MRS-03 / ProcurementActive

Procurement sequence 2026

Sequence surface materials and specialist subcontracting against the work plan.

Budget
Spent
Target
2026-11-15
Owner
Theo Ardent

Latest record. A supplier delay moved two packages without changing the annual work boundary.

MRS-04 / OperationsActive

Aged intervention reduction

Reduce interventions open for more than thirty days.

Budget
Spent
Target
2026-12-18
Owner
Selene Ibarra

Latest record. The aged queue fell in two zones and rose in the western zone.

Next decision. Review zone-level queue ownership in September.

Project chronology

review completed · Open

Review Completed

The preventive maintenance review was completed against the accepted period sample. Exceptions were retained separately from completed work and no change was made to the investment perimeter.

Consequence: Completed observations moved to the period record; unresolved items remained in the exception queue.

project moved to next phase · Open

Project Moved To Next Phase

The road-surface inspections workstream entered its next controlled phase after its owner, evidence requirement and acceptance boundary were confirmed.

Consequence: The new phase began within the existing budget and governance boundary.

priority changed · Open

Priority Changed

The operating sequence was revised so that complete the western operating review became the next recorded priority. The change followed the current capacity and dependency review.

Consequence: Lower-priority work remained visible in the register and can return at a later review.

reporting method revised · Open

Reporting Method Revised

The reporting method for intervention planning moved to a new version after the team identified a classification that was not applied consistently across the available records.

Consequence: The earlier method version remains available and the next comparison is qualified until the revised series has a complete period.

responsibility transferred · Open

Responsibility Transferred

Responsibility for the next technical-team monitoring review transferred within the operating team. The source record, open exceptions and scheduled date moved with the file.

Consequence: The receiving owner accepted the source list, open risks and next review boundary.

review scheduled · Open

Review Scheduled

The preventive maintenance file was placed on the February 2020 review cycle after the source register was reconciled with the current responsibility list.

Consequence: The review was assigned to Selene Ibarra with a retained period sample and next-decision date.

timeline delayed · Open

Timeline Delayed

The milestone connected to complete the western operating review moved after the review recorded a continuing dependency: delays in specialist technical procurement. The earlier target remains in the chronology.

Consequence: The target date was re-baselined without marking the underlying work complete.

working session held · Open

Working Session Held

A working session reviewed limited civil works, the related exceptions and the evidence required for closure. Items without sufficient support remained open.

Consequence: Actions were recorded against the existing workstream rather than opened as a new program.

review completed · Open

Review Completed

The intervention planning review was completed against the accepted period sample. Exceptions were retained separately from completed work and no change was made to the investment perimeter.

Consequence: Completed observations moved to the period record; unresolved items remained in the exception queue.

project moved to next phase · Open

Project Moved To Next Phase

The technical-team monitoring workstream entered its next controlled phase after its owner, evidence requirement and acceptance boundary were confirmed.

Consequence: The new phase began within the existing budget and governance boundary.

priority changed · Open

Priority Changed

The operating sequence was revised so that complete the western operating review became the next recorded priority. The change followed the current capacity and dependency review.

Consequence: Lower-priority work remained visible in the register and can return at a later review.

reporting method revised · Open

Reporting Method Revised

The reporting method for road-surface inspections moved to a new version after the team identified a classification that was not applied consistently across the available records.

Consequence: The earlier method version remains available and the next comparison is qualified until the revised series has a complete period.

responsibility transferred · Open

Responsibility Transferred

Responsibility for the next limited civil works review transferred within the operating team. The source record, open exceptions and scheduled date moved with the file.

Consequence: The receiving owner accepted the source list, open risks and next review boundary.

review scheduled · Open

Review Scheduled

The intervention planning file was placed on the February 2024 review cycle after the source register was reconciled with the current responsibility list.

Consequence: The review was assigned to Selene Ibarra with a retained period sample and next-decision date.

timeline delayed · Open

Timeline Delayed

The milestone connected to complete the western operating review moved after the review recorded a continuing dependency: delays in specialist technical procurement. The earlier target remains in the chronology.

Consequence: The target date was re-baselined without marking the underlying work complete.

working session held · Open

Working Session Held

A working session reviewed preventive maintenance, the related exceptions and the evidence required for closure. Items without sufficient support remained open.

Consequence: Actions were recorded against the existing workstream rather than opened as a new program.

review completed · Open

Review Completed

The road-surface inspections review was completed against the accepted period sample. Exceptions were retained separately from completed work and no change was made to the investment perimeter.

Consequence: Completed observations moved to the period record; unresolved items remained in the exception queue.

Program started · Open

Program started

Common intervention classification entered the operating plan.

Consequence: Budget and review boundary recorded.

Program started · Open

Program started

Western zone operating review entered the operating plan.

Consequence: Budget and review boundary recorded.

Program started · Open

Program started

Aged intervention reduction entered the operating plan.

Consequence: Budget and review boundary recorded.

project moved to next phase · Open

Project Moved To Next Phase

The limited civil works workstream entered its next controlled phase after its owner, evidence requirement and acceptance boundary were confirmed.

Consequence: The new phase began within the existing budget and governance boundary.

Delayed · Open

Delayed

Western zone operating review: The review moved by five weeks while source files were reconciled.

Consequence: Confirm whether the western roster requires a second supervisor.

Target review · Open

Target review

The scheduled target for Western zone operating review was recorded.

Consequence: Confirm whether the western roster requires a second supervisor.

priority changed · Open

Priority Changed

The operating sequence was revised so that complete the western operating review became the next recorded priority. The change followed the current capacity and dependency review.

Consequence: Lower-priority work remained visible in the register and can return at a later review.

Target review · Open

Target review

The scheduled target for Common intervention classification was recorded.

Consequence: Approve the historic-record conversion rule.

timeline delayed · Open

Western review carried into Q4

Source-file reconciliation remained open at Q3 close. The western review was not recorded as completed.

Consequence: The next review boundary was revised to 28 October 2026; the August target remains in the history.

Target review · Open

Target review

The scheduled target for Aged intervention reduction was recorded.

Consequence: Review zone-level queue ownership in September.

Operating indicators

Inspections completed

1840 inspections

Count of signed inspection records in the quarter

Prior period
1712 inspections
Interpretation
Improved versus prior period (1712 inspections).
As at
2026-09-30
Source
MRS inspection register

Open interventions

63 interventions

Work orders open at period end; lower values reduce the aged queue

Prior period
71 interventions
Interpretation
Improved versus prior period (71 interventions).
As at
2026-09-30
Source
MRS work-order ledger

Average closure time

8.4 days

Mean calendar days from accepted work order to signed closure

Prior period
9.1 days
Interpretation
Improved versus prior period (9.1 days).
As at
2026-09-30
Source
MRS intervention ledger

Safety incidents

1 recorded incidents

Recordable operating incidents notified during the quarter

Prior period
0 recorded incidents
Interpretation
Deteriorated versus prior period (0 recorded incidents).
As at
2026-09-30
Source
MRS safety log

Active operating zones

7 zones

Zones with inspections and a staffed weekly review

Prior period
7 zones
Interpretation
Stable versus prior period (7 zones).
As at
2026-09-30
Source
MRS zone roster

Current priorities

  • Complete the western operating review
  • Apply the common intervention classification
  • Reduce the aged intervention queue
  • Re-sequence the 2026 procurement plan

Recent developments

  • The common intervention classification entered use in all seven zones.
  • The western review remained delayed at Q3 close; the next review boundary is 28 October.
  • Procurement sequencing was revised after a two-week supplier delay.

Principal risks

  • Dependence on a limited number of regional supervisors
  • Inconsistent historic reporting between operating zones
  • Delays in specialist technical procurement

Documents and research