TOWN OF COMOX, BC, May 1, 2023 /CNW/ - Today, the Honourable Harjit Sajjan, Minister of International Development and Minister responsible for the Pacific Economic Development Agency of Canada, and Scott Pearce, Acting President of the Federation of Canadian Municipalities (FCM), announced a federal investment of more than $500,000 to help 11 British Columbia 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. Among the recipients:
"Investments to support innovative solutions for infrastructure asset management will help improve the quality of life of British Columbians. This funding from the Municipal Asset Management Program will ensure our communities have the technology and resources they need to adopt the best management practices and make evidence-based decisions."
The Honourable Harjit Sajjan, Minister of International Development and Minister responsible for the Pacific Economic Development Agency of Canada, on behalf of the Honourable Dominic LeBlanc, Minister of Intergovernmental Affairs, Infrastructure and Communities
"From roads and bridges to buildings and wastewater systems, local governments own approximately 60% of the public infrastructure that supports our economy and our quality of life. That's why it is so crucial to support them in building and maintaining strong asset management through initiatives like the Federation of Canadian Municipalities' Municipal Asset Management Program. Funded by the Government of Canada, it helps communities in British Columbia and across the country develop sound asset management practices and conduct data collection and analysis to improve their investment decisions."
Scott Pearce, Acting President, Federation of Canadian Municipalities
Further information on the eleven municipally-led initiatives can be found in the backgrounder.
Municipal Asset Management Program
Infrastructure in your Community
Investing in Canada: Canada's Long-Term Infrastructure Plan
Investing in Canada plan project map
Twitter: @INFC_eng
Web: Infrastructure Canada
SOURCE Infrastructure Canada