Canada and FCM support strengthened asset management in British Columbia communities

Ottawa— Managing municipal infrastructure effectively is vital to Canada’s economic competitiveness. Municipalities of all sizes need good asset management practices to build and maintain resilient and sustainable communities for all Canadians.

That is why the Government of Canada is investing $441,200 in ten British Columbia communities through the Municipal Asset Management Program (MAMP), delivered 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 everyday 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 Village of Lions Bay will develop a long-term asset replacement financial model & strategy, an asset management policy, annual reporting templates for measuring progress on Asset Management for council & public as well as improve its building asset inventory & condition data.
• The Vancouver Board of Parks and Recreation will seek a consulting service to collect asset data and conduct an assessment. The goal is to inform the rehabilitation planning for its water features including decorative fountains, outdoor pools, wading pools and spray parks. The consultant will also provide an asset data inventory including detailed quantity, condition, expected service life and replacement value of assets and conduct multi-strategy life cycle cost analysis for producing an optimal rehabilitation and maintenance program.

Further information on the ten initiatives can be found in the backgrounder.