January 2018
Government Releases New Municipal Asset Management Planning Regulation

2018-01-04 3:13:38 PM

CATEGORIES: Infrastructure

After months of consultations the government has released a new municipal asset management planning regulation. The requirements of the regulation will be phased-in over the next six years along the following lines: 

  • January 1, 2018: Effective date of Regulation (there are no requirements that must be met at this time).

 

  • July 1, 2019: Date for municipalities to have a finalized strategic asset management policy.

 

  • July 1, 2021: Date for municipalities to have an approved asset management plan for core assets (roads, bridges and culverts, water, wastewater and stormwater management) that discusses current levels of service and the cost of maintaining those services.

 

  • July 1, 2023: Date for municipalities to have an approved asset management plan for all municipal infrastructure assets that discusses current levels of service and the cost of maintaining those services.

 

  • July 1, 2024: Date for municipalities to have an approved asset management plan for all municipal infrastructure assets that builds upon the requirements set out in 2023. This includes a discussion of proposed levels of service, what activities will be required to meet proposed levels of service, and a strategy to fund the activities.


Alongside the final regulation, the government also announced that it will be provided up to $25 million in funding over the next five years for asset management planning tools and supports. Further details will be provided in 2018. 

Review the regulation here


 


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