Canada and FCM invest in asset management in Alberta communities


Of: Infrastructure Canada

For this reason, the Canadian government is investing US $ 985,500 in 21 new projects in Alberta's communities through the Municipal Asset Management Program (MAMP), which is run by the Federation of Canadian Municipalities (FCM) on behalf of the federal government. The program helps communities strengthen local infrastructure planning and decision-making by increasing local wealth management capacity by investing in activities such as wealth management training, technology and software improvements, and information sharing.

With funding from MAMP:

  • The City of Whitecourt will develop and implement specific, measurable and achievable goals along with a strategy that provides a clear direction and approach to implementing asset management for the community. The asset management implementation plan ensures that infrastructure decisions are aligned with the city's strategic plan and the city's organizational goals and objectives to ensure a sustainable and resilient community.
  • The City of Legal will inspect and analyze the condition of its sanitary sewer systems through video surveillance, as well as assess and model water networks. This roadmap will enable the city to apply sound management practices for current and future capital improvements and to prioritize spending in the right areas.
  • The village of Donnelly and its neighbors will implement sustainable wealth management practices for the foreseeable future. The most important achievements include an achievable breakdown of future tasks through the creation of a roadmap for asset management, a consolidated basic inventory for future investment decisions and an increased exchange of knowledge with neighboring communities and the public.

Details on all 21 projects can be found in the backgrounder.

Quotes

“The 21 projects announced today ensure that Alberta communities have the tools and technology to make informed decisions over the long term. We pride ourselves on investing in infrastructure asset management projects that help communities grow their local economies and improve the quality of life for residents. "

The Honorable Jim Carr, Minister and Special Envoy for the Prairies, on behalf of the Honorable Catherine McKenna, Minister for Infrastructure and Communities

“Rural communities are the backbone of Canada's economy and are some of the best hometowns in Canada. Smart investments in infrastructure help smaller communities grow, strengthen their economies, and improve the quality of life for their residents. Through projects like those announced today, our government is helping ensure local leaders, especially in rural areas, have the tools they need to plan for the long term and create stronger rural communities now and for generations to come. "

The Honorable Maryam Monsef, Minister for Women and Gender Equality and Rural Economic Development

“Through the Municipal Asset Management Program, FCM continues to help communities of all sizes, especially small and rural ones, manage municipal infrastructure and make better investment decisions based on reliable data. FCM supports communities from coast to coast to coast by providing funding, training and resources to develop sustainable solutions that work and improve the quality of life for residents. "

Joanne Vanderheyden, President, Federation of Canadian Municipalities

Fast facts

  • Run by the Federation of Canadian Municipalities and funded by the Government of Canada, the $ 110 million community asset management program has invested in more than 962 community asset management projects.

  • MAMP provides funding, training, and resources to help communities strengthen their asset management practices, enabling them to make informed decisions about infrastructure investments.

  • To assist Canadians and communities during the COVID-19 pandemic, a new stream has been added to the $ 33 billion "Investing in Canada" infrastructure program to help fund pandemic-resistant infrastructure. Existing program streams have also been adapted to include more eligible project categories.

  • The COVID-19 resilience stream will aid other directives from governments whose finances have been severely impacted by the pandemic by increasing the federal cost share for public infrastructure projects in a variety of areas, including civil protection and adaptation projects, and pandemic-resistant infrastructure.

  • In addition, the Canada Healthy Communities Initiative will provide up to $ 31 million of existing federal funding over the next two years to help communities adapt spaces and services to meet immediate and ongoing coronavirus-related needs.

  • As part of the Investing in Canada plan, the Canadian government has invested over $ 5 billion in more than 430 infrastructure projects in Alberta.

  • Since 2016, the federal government has invested $ 28 billion in over 18,000 infrastructure projects in communities with fewer than 100,000 residents. More than 6,100 kilometers of highways and roads and 103 bridges have been built, repaired or modernized in rural communities, and more than 3,134 projects provide rural communities with access to cleaner and more sustainable sources of drinking water.

  • The Federal Gas Tax Fund (GTF) is intended to offer municipalities a stable and predictable source of finance. In 2020-21, Alberta received $ 244 million through the federal GTF to fund its urgent infrastructure needs.

/ Public release. This material is from the original organization and can be punctiform, edited for clarity, style and length. View in full here.

https://dailytechnonewsllc.com/canada-and-fcm-invest-in-asset-management-in-alberta-communities/

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