Asset Management Plan
The City of Hamilton delivers many important services to residents that are dependent on infrastructure such as transit, roads, bridges, city facilities and clean water and wastewater treatment. How the City's infrastructure (our assets) is managed throughout its life becomes a critical foundation in our ability to offer great services to our residents.
Good asset management planning allows municipalities to stretch capital dollars by helping them make well-informed, evidence-based decisions. It's about making the right infrastructure investments in the right places, at the right time to meet required levels of service in the most cost-effective manner, through the management of assets for present and future customers.
The benefits of having good asset management practices in place include enhanced customer service, improved financial efficiency, allowing for more effective management of risk, driving accountability and effective and sustainable decisions being made on behalf of residents.
In compliance with Ontario Regulation 588/17: Asset Management Planning for Municipal Infrastructure, under the Infrastructure for Jobs & Prosperity Act, the City has taken a number of steps to advance asset management in Hamilton.