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.
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