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Classified in: Business
Subjects: CON, CFG

Federal government partners with FCM to strengthen asset management in Newfoundland and Labrador


THE TOWN OF GRAND FALLS-WINDSOR, NL, Dec. 5, 2023 /CNW/ - Today, Seamus O'Regan Jr., Minister of Labour, on behalf of Sean Fraser, Minister of Housing, Infrastructure and Communities of Canada and Scott Pearce, President of the Federation of Canadian Municipalities (FCM), announced a federal investment of more than $1.9 million to help 46 communities in Newfoundland and Labrador 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.

Among the communities are:

Quotes

"Municipal governments know what infrastructure their citizens need. These investments across Newfoundland and Labrador will help municipalities build stronger, more affordable communities for everyone." 

The Honourable Seamus O'Regan Jr., Minister of Labour and Seniors, on behalf of the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities of Canada

"Local governments are responsible for approximately 60% of the public infrastructure that support our economy and our quality of life, such as roads, bridges and wastewater systems. That's why supporting them in building and maintaining strong asset management through initiatives like the FCM's Municipal Asset Management Program is crucial. This program, funded by the Government of Canada, helps communities in Newfoundland and Labrador and across the country develop sound asset management practices and conduct data collection and analysis to improve their investment decisions."

Scott Pearce, President, Federation of Canadian Municipalities

Quick facts
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Associated links

Municipal Asset Management Program
Infrastructure in your Community
Investing in Canada: Canada's Long-Term Infrastructure Plan
Investing in Canada plan project map

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