Today, the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities and Scott Pearce, President of the Federation of Canadian Municipalities (FCM), announced a federal investment of more than $230,000 to help 6 communities in New Brunswick implement innovative strategies to manage their municipal infrastructure.
Known as asset management, this investment will help the communities ensure that their infrastructure, such as arenas, bridges, drinking water and wastewater systems, and roads are working as efficiently as possible. It will also allow them to 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.
The City of Moncton. The City receives $49,360 to operationalize asset management through a strategy that includes:
- The preparation of key performance indicators to measure performance;
- Recommendations to update 5-year capital projects;
- The undertaking of customer and technical levels of service assessments;
- The development of risk and condition assessment policies; and
- The preparation of standard operating procedures to support coordination and/or integration of cross-functional asset management activities.
The City of Saint John. The City receives $48,000 to establish a standard approach to collect, store, and maintain all municipal asset data. Additionally, the project will identify data quality gaps, address "desktop" issues, and prioritize future data improvement activities.
