Rock to Road

News
Nanaimo developing asset management program

January 11, 2016  By  Andrew Macklin


January 11, 2016 – The City of Nanaimo is developing an asset management program to manage the community’s infrastructure.

According to a Nanaimo News Bulletin report, the community won a $175,000 matching grant from the Federation of Canadian Municipalities for the development of the program. They will be among 11 communities that will provide a template for infrastructure asset management that can be adopted by other municipalities across Canada.

The funding comes from the FCM’s Green Municipal Fund as part of a three-year Leadership in Asset Management program.

In 2013, Nanaimo estimated the value of its assets at $2.2 billion, of which $86 million were identified as being either in poor condition or at the end of its serviceable life.

Advertisement

For more on this story, click here.


Print this page

Advertisement

Stories continue below