Council has endorsed the release of the Draft Asset Plan 2025–2035 for public consultation, outlining a strategic 10-year approach to managing its $6.094 billion asset portfolio and supporting the delivery of essential community services.
The Draft Asset Plan provides a clear framework to guide how the City maintains, renews and invests in more than 3,300km of roads, 2,400km of footpaths, 150,000 drainage assets, and more than 850 buildings and 200 hectares of open space across the region.
It supports the City's long-term vision and aligns with the Council Plan to ensure assets remain safe, functional, and financially sustainable as Greater Geelong grows and evolves.
The Draft Asset Plan is released in tandem with the City's draft 10-year Long Term Financial Plan, recognising the close connection between asset performance and financial sustainability.
Greater Geelong Mayor Stretch Kontelj OAM
With a growing population and increasing demands on our infrastructure, it is essential that we manage our assets responsibly and transparently.The Asset Plan shows how we intend to do that over the next decade, and we are inviting the community to have their say.
Councillor Andrew Katos
Our roads, buildings, parks and drainage systems are essential to everyday life in Greater Geelong.This plan outlines how we will maintain and improve these assets in a way that is fair, strategic and financially sound.
Community input will help ensure the Asset Plan reflects the priorities of the people who use these assets every day.
Key targets within the draft Plan include:
- Maintaining asset health above 65% across all asset classes
- Keeping assets in poor condition below 6%
- Achieving an asset renewal ratio of at least 85%
The Draft Asset Plan is now open for public feedback for four weeks, from 23 July to 20 August 2025.
Community input will be considered in finalising the plan, which will be presented to Council for adoption at its October meeting.
You can view the Draft Asset Plan and provide feedback.
