The health, socio-economic well being and the quality of life of Canadians depend on basic infrastructure systems such as roads, highways, bridges, water supply systems, sewers, airports, telecommunications facilities and transit systems.
2007 “Danger Ahead” report to FCM
Asset Management is the optimal management of physical asset systems during their life cycles.
The Asset Management Division is a part of the Corporate Services support team. The focus of Asset Management since its inception in early 2007 has been the development of an integrated approach to the long-term renewal and replacement of the City’s core public infrastructure (water, sewer, drainage and roads).
During the Summer/Fall of 2009 the City implemented RIVA software to model the lifecycle of its infrastructure networks to determine its long-term infrastructure re-investment requirements. The results of the latest modeling were shared with Council in early 2012 indicating there is an annual infrastructure liability (Gap) of approximately $12million. The infrastructure liability is the difference between our current level of infrastructure re-investment and the required level of re-investment.
A copy of the most recent presentation to council is included under which identifies the infrastructure liability and outlines the current Operational challenges faced by the City Divisions responsible for the management of the City’s infrastructure.
Strategic Asset Management Priorities and Work Plan - February 2013
This document also includes the plans for development of the City's Asset Management capability.
Asset Management Policy
Asset Management Presentation 2012
Strategic Asset Management Priorities and Work Plan
For further information contact the City’s Asset Manager, Frank Blues at 250-561-7503 or send an email to firstname.lastname@example.org