Asset Management Initiative: Asset Register, Prioritization and Strategy
Type of initiative
Municipal Asset Management Program - MAMP
Sector
Asset Management (MAMP)
Project value$55,000
Project Type
MAMP Projects
Sub Sector
Multiple
Grant amount$49,500
Program type
MAMP
Municipality
Town of Reidville, NL
Status
Fully Disbursed
Population
550
Project timeline
2021 - 2022
Project number
17364
Description
The Asset Management project will be done in three phases. In Phase 1, the Town will create an asset register for its fixed infrastructure assets using a Geographical Information System (GIS). Asset groups to be captured are the Town's water, sewer and road networks as well at its buildings and facilities. In Phase 2, the Town will prioritize its assets in terms of consequence of failure and probability of failure and critical assets will be identified. Phase 3 will focus on the high priority assets (identified in Phase 2). The town will develop capital and operational strategies and policies. Similar applications were submitted by two neighboring towns (Town of Cormack and Town of Howley) and the Town will work closely with them throughout the project.
Applicant
Town of Reidville, NL