Asset Management guides the Town’s decision-making related to the building, operation, maintenance, renewal, replacement, and disposal of infrastructure assets that support the services we provide to the community.
The Town of Niagara-on-the-Lake’s Asset Management Plan is developed in accordance with Ontario Regulation 588/17, Asset Management Planning for Municipal Infrastructure. The plan identifies infrastructure needs and provides a framework for sustainable service delivery.
Goals of the Asset Management Plan:
- Ensure all Town-owned infrastructure assets are sustainable into the future
- Guide investment and divestment decisions for infrastructure assets
- Support the development of standard maintenance and rehabilitation policies
- Provide a framework for lifecycle costing and cost-benefit analysis
- Integrate infrastructure planning with broader strategic, community, and land-use goals