Council Adopts Two Plans To Support Asset Management

Council has adopted two plans to guide the sustainable management of its extensive infrastructure portfolio: the Asset Plan 2025–35, and the reviewed Municipal Road Management Plan.

Together, these plans outline how the City manages and maintains its asset portfolio that includes more than 3,300 km of road segments, 2,400 km of footpaths, over 150,000 drainage assets, 850 buildings and more than 200 hectares of open space.

Both plans were formally adopted by Council at the October council meeting, following extensive community consultation.

The City manages a diverse and extensive asset portfolio valued over $6 billion that includes infrastructure essential to the delivery of 31 community services across more than 1,200 hectares. The Asset Plan 2025–35 sets out a strategic approach for managing, maintaining, and renewing our assets to support the City's long-term vision and community outcomes, in alignment with the Council Plan.

Key outcomes of the Asset Plan include:

  • identifying assets and their attributes
  • understanding how assets support the delivery of community services
  • committing to maintaining assets in line with the Long-Term Financial Plan 2025–35
  • spending necessary capital to meet asset renewal, acquisition, upgrade and disposal planning requirements
  • measuring the performance of assets.

The Asset Plan also incorporates community-endorsed asset management principles such as prioritising multipurpose buildings, renewing existing assets where possible and investing in natural assets.

The City is the coordinating road authority for approximately $2.1 billion of road infrastructure assets, and the reviewed Municipal Road Management Plan details how often the City will inspect roads and footpaths, what defects are repaired, and the timeline for repairs.

The review of the plan has resulted in several changes in the maintenance standards for infrastructure where the City is the coordinating road authority under the Road Management Act 2004

The previous version of the plan was reviewed and adopted by Council in 2021.

Following community workshops held in late 2024, the updated plan includes revised standards for inspection frequencies, defect intervention levels and repair timelines.

Mayor Stretch Kontelj OAM:

It is crucial to make sure we're investing wisely, maintaining performance standards and aligning our infrastructure decisions to meet the needs of our growing and changing community.

We provide 31 vital community services, and we need to take care in how we maintain, renew and invest in the assets that allow us to deliver those services.

Councillor Andrew Katos, chair of the Finance Portfolio:

We've worked with community members to set the standards for road management in Greater Geelong.

The reviewed Road Management Plan sets clear standards for inspections and repairs, ensuring our road network continues to meet safety and service expectations.

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