Today, the Honourable Lawrence MacAulay, Minister of Veterans Affairs and Associate Minister of National Defence, and Scott Pearce, Acting President of the Federation of Canadian Municipalities (FCM), announced a federal investment of more than $95,000 to help two Prince Edward Island communities put in place innovative asset management strategies.
Asset management helps communities manage municipal infrastructure assets such as roads, arenas, bridges, drinking water and wastewater systems to ensure maximum performance and make better investment decisions. Asset management also helps reduce risks so municipalities can provide reliable and affordable services and a high quality of life to their residents.
This funding will help strengthen data-driven decision-making on key infrastructure and ensure long-term infrastructure performance.
- The Town of Three Rivers receives $50,000 to continue its exiting asset management program, verify and add to the town's existing asset inventory, and implement a work order system to support the town's day-to-day operational needs as well as provide asset management training and awareness.
- The City of Charlottetown receives $45,000 to use predictive modeling to help the municipality plan water main and wastewater network inspection and replacement programs and to optimize investments that will, in turn, help increase the overall service level.
