OTTAWA — The Government of Canada is investing over $113,000 in three new projects in Prince Edward Island communities through the Municipal Asset Management Program.
The program is delivered by the Federation of Canadian Municipalities (FCM) on behalf of the federal government.
With the funding, the Town of North Rustico will receive $18,719 to complete a detailed inventory of all assets to improve its asset management skills while focusing on data collection and reporting.
The Rural Municipality of Wellington will receive $45,000 and the Town of Three Rivers will receive $50,000 to create an infrastructure inventory for their major asset groups using open-source software tools.
Through the risk assessment process, critical assets will be prioritized, helping the municipalities develop their capital and operational budgets and a long-term financial strategy, indicates a release.
“Municipalities of all sizes are Canada’s builders,” said Garth Frizzell, president of the FCM, in a statement. “They own nearly 60 per cent of the public infrastructure that supports Canada’s economy and quality of life. With strengthened asset management practices, they are making infrastructure investment decisions based on sound and reliable data. Supported by our strong federal-municipal partnership, FCM is delivering programs from coast to coast to coast that help municipalities in Prince Edward Island do what they do best: deliver solutions that work.”
Recent Comments
comments for this post are closed