One of road transportation issue, which has a major share of movement, is risks management to meet demand. This causes the rate of depreciation of physical assets and risk control service, safe, inexpensive, environmentally friendly and reliability. There are two views in this regard: A traditional one which manages all phases of the physical road (creation, exploitation, and disposal) separately. The second perspective is the integrated viewpoint at risk management throughout whole life of physical assets. The results of the survey show that so far 55 risks have been identified in 6 groups for road physical asset. In risk assessment, the most risk associated with contribution of the stakeholders group and the least, is related to an out-of-area event group. In addition, the lowest level of risk associated with the risk of robbery and insufficient attention to maintenance is the highest among all the risks. Some proposal for managing risks are integrated development and operation system, a sustainable financial program, determine level of service and training of human resources,