Asset Management Plan

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The City of Thunder Bay operates and maintains a diverse portfolio of infrastructure assets with an estimated replacement value of $3.4 billion. These assets are critical for the delivery of a wide range of services to the community. Thunder Bay's Asset Management Plan (AMP) will guide how our infrastructure will be managed to provide the services needed to support the citizens of Thunder Bay. This will focus on areas such as, Levels of Service, Risk, Life-cycle analysis, Climate Change Impacts and provide long term financial planning.

The AMP will propose strategies to minimize the growing infrastructure gap. That gap is defined as the difference between the available budgets compared to optimal funding to manage current and future assets.

Asset management planning in Thunder Bay is a work in process and will become more robust as the City works to meet the requirements of Ontario Regulation 588/17: Asset Management Planning for Municipal Infrastructure under the Infrastructure for Jobs and Prosperities Act, 2015. This regulation sets out to provide greater standardization and consistency to municipal asset management planning across the Province.

The City of Thunder Bay operates and maintains a diverse portfolio of infrastructure assets with an estimated replacement value of $3.4 billion. These assets are critical for the delivery of a wide range of services to the community. Thunder Bay's Asset Management Plan (AMP) will guide how our infrastructure will be managed to provide the services needed to support the citizens of Thunder Bay. This will focus on areas such as, Levels of Service, Risk, Life-cycle analysis, Climate Change Impacts and provide long term financial planning.

The AMP will propose strategies to minimize the growing infrastructure gap. That gap is defined as the difference between the available budgets compared to optimal funding to manage current and future assets.

Asset management planning in Thunder Bay is a work in process and will become more robust as the City works to meet the requirements of Ontario Regulation 588/17: Asset Management Planning for Municipal Infrastructure under the Infrastructure for Jobs and Prosperities Act, 2015. This regulation sets out to provide greater standardization and consistency to municipal asset management planning across the Province.