Infrastructure is linked to a community's economic, social, and environmental advancement. Municipalities own and manage nearly 60% of the public infrastructure stock in Canada. Chatham-Kent's infrastructure portfolio comprises roads, bridges, culverts, buildings, storm sewers, land improvements, the municipal airport, as well as vehicles, machinery, and equipment.
An Asset Management Plan (AMP) details the state of infrastructure. It provides asset management and financial strategies to facilitate the development of an advanced asset management program and mitigate long-term funding gaps.
To be effective, an AMP must be integrated with financial planning and long-term budgeting. The development of a comprehensive financial plan will allow the municipality to identify the financial resources required for sustainable asset management based on existing asset inventories, desired levels of service, and projected growth requirements.
To learn more, see the:
Report to Council - October 2024
Report to Council - April 2025.
Strategic Asset Management Policy
