The Ontario Ministry of Infrastructure developed a program to encourage municipalities to focus on the upkeep of critical infrastructure such as roads, bridges, water and waste water assets, to prepare Asset Management strategies and incorporate plans in their operating and capital budget process.
In December 2017, Ontario Regulation 588/17 was passed under the Infrastructure for Jobs and Prosperity Act 2015, making it mandatory to have Asset Management Plans.
Good asset management means making decisions based on the long-term cost over the entire life cycle of the asset - bridges, pipes, buildings, roads and parks, rather than short-term savings, and managing assets in a way that balances service levels, risk and cost.
Contact Us
Subscribe to this Page