Asset Management Initiative: Asset Register, Prioritization and Strategy

Type of initiative Municipal Asset Management Program - MAMP
Sector Asset Management (MAMP)
Project value$55,750
Project Type MAMP Projects
Sub Sector Multiple
Grant amount$50,000
Program type MAMP
Municipality Town of Lark Harbour, NL
Status Fully Disbursed
Population 508
Project timeline 2021 - 2022
Project number 17275

Description

The Town of Lark Harbour will implement its project in three phases. Phase 1 will be creating an asset register for our fixed infrastructure assets (approx. 6.5 kilometres of water pipe, 20 hydrants, 3 kilometres of wastewater pipe, 45 manholes, 5 kilometres of roads, and 2.5 kilometres of pedestrian walkways/trails as well as approx. 15 municipal structures and lands), and utilizing using a Geographical Information System (GIS). In Phase 2, assets will be prioritized in terms of consequence of failure and probability of failure and critical asset will be identified. Phase 3 will focus on the high priority assets (identified in Phase 2) and capital and operational strategies and policies will be developed.

Applicant

Town of Lark Harbour, NL