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Infrastructure & Asset Management
Infrastructure and Asset Management
Infrastructure Supports Community Vision
Peachland’s infrastructure is the foundation for provides vital services to the community such as drinking water, sanitation, transportation and recreation. These services contribute significantly to the vitality of the community, as well as to the economy of the region; supporting our vision of being a thriving, diversified and sustainable business community.
As this infrastructure ages it needs to be rehabilitated or replaced. Failure to plan adequately puts at risk the quality of the services the community currently enjoys, and ultimately could jeopardize the economic foundation enjoyed by residents and tourists. We’re taking important steps to proactively care for this infrastructure in a sustainable manner, through an Asset Management Program.
What is Asset Management?
Asset management is a set of activities that help plan for the current and long-term investment needs of a community’s infrastructure (also known as assets). Infrastructure includes categories such as roads, water systems, sewer systems and community buildings. Asset management helps answer questions such as:
- What infrastructure or assets do we own?
- What are our assets worth?
- What condition are they in?
- Where are we deficient?
- What assets will need to be replaced/repaired and when?
- What will it cost?
We’ll be sharing more information about infrastructure in our community over the next year.