Asset formula

Canada and FCM support strengthening asset management in BC communities

OTTAWA (ON), May 19, 2022 /CNW Telbec/ – Effective management of municipal infrastructure is vital to from Canada economic competitiveness. Municipalities of all sizes need good asset management practices to build and maintain resilient and sustainable communities for all Canadians.

This is why the government of Canada invests $441.200 out of ten British Columbia communities through the Municipal Asset Management Program (MAMP), offered by the Federation of Canadian Municipalities (FCM). These initiatives will help communities make data-driven decisions about key infrastructure and ensure long-term infrastructure performance.

With funding from MAMP:

  • the Squamish Nation will develop an asset management policy and tools for daily use in asset management, compiled in an “Asset Management Program Manual”. These tools will be developed in close collaboration with Nation staff and Council members, through workshops.
  • the Bay of Lions Village develop a long-term asset replacement financial model and strategy, asset management policy, annual report templates to measure progress of asset management for the board and the public, as well as improve its asset inventory assets and its status data.
  • the Vancouver Parks and Recreation Council will seek out a consultancy service to collect asset data and perform an appraisal. The aim is to inform planning for the rehabilitation of its aquatic features, including decorative fountains, outdoor pools, paddling pools and spray parks. The consultant will also provide an inventory of asset data including detailed quantity, condition, expected life and replacement value of assets and perform a multi-strategy life cycle cost analysis to produce a optimal program of rehabilitation and maintenance.

Further information on the ten initiatives is available in the background document.

Estimate

“Investments in infrastructure asset management projects help improve the quality of life for British Columbians. This funding from the Municipal Asset Management Program will ensure that our communities have the technology and resources they need to adopt best management practices and make evidence-based decisions.

The Honorable Harjit S. Sajjan, Minister of International Development and Minister responsible for the Pacific Economic Development Agency Canada and deputy of Vancouver South

“Well-maintained public infrastructure is essential to building sustainable and healthy communities. Through the Municipal Asset Management Plan, the Government of Canada supports municipalities and Indigenous governments in their work to make sound, data-driven decisions about existing and new infrastructure to better serve their communities. »

Patrick WeillerMP for West Vancouver—Sunshine Coast—Sea to Sky Country

“The objective of the Municipal Asset Management Program is to enable municipalities to make strategic investment decisions regarding their municipal infrastructure. FCM will continue to support municipalities with good practices in asset management, planning, data collection and analysis so they can deliver essential services and ensure a high quality of life for their residents. »

Joanne VanderheydenPresident, Federation of Canadian Municipalities

Fast facts

  • The Municipal Asset Management Program (MAMP) is designed to help Canadian municipalities strengthen their infrastructure investment decisions based on reliable data and sound asset management practices.
  • MAMP provides asset management training, funding and information sharing to enable municipalities to access the data needed to plan effectively.
  • the $110 million program, funded by the government of Canada and offered by the Federation of Canadian Municipalities, has invested in more than 1,259 municipal asset management projects.
  • Thanks to the investment in Canada Plan, the federal government is investing more than $180 billion more than 12 years in public transport, green infrastructure, social infrastructure, trade and transport routes projects, and from Canada rural and northern communities.

Related links

Municipal Asset Management Program
Infrastructure in your community
Invest in Canada: from Canada Long term infrastructure plan
Invest in Canada plan the project plan

follow us on TwitterFacebook, Instagram and LinkedIn
Web: Infrastructure Canada

SOURCE Infrastructure Canada

Quote View original content: http://www.newswire.ca/en/releases/archive/May2022/19/c9110.html



Source link