Asset Management Initiative: Asset Register, Prioritization and Strategy
Type of initiative
Municipal Asset Management Program - MAMP
Sector
Asset Management (MAMP)
Project value$55,600
Project Type
MAMP Projects
Sub Sector
Asset Management Plans, Policy and Strategy
Grant amount$50,000
Program type
MAMP
Municipality
Town of Terrenceville, NL
Status
Fully Disbursed
Population
446
Project timeline
2023 - 2024
Project number
18390
Description
Town of Terrenceville will implement a three-phase asset management initiative. Phase 1 includes creatingan asset register for fixed infrastructure assets and utilizing a geographical information system. Phase 2includes prioritizing the asset register in terms of consequence of failure and probability of failure. Phase 3includes capital and policy planning and will end with a workshop for both Council and staff.
Applicant
Town of Terrenceville, NL