Town of Smiths Falls receives asset management funding

Smiths Falls water tower
Posted on: February 25, 2019

The Town of Smiths Falls is receiving $50,000 through the Federation of Canadian Municipalities’ (FCM) federally-funded Municipal Asset Management Program. Smiths Falls was one of 42 municipalities across Canada to receive funds through this program.

The new program is a five-year $50-million program designed to help Canadian municipalities make informed infrastructure investment decisions based on sound asset management practices. Municipalities are challenged with aging infrastructure including roads, buildings, bridges and utility pipes with limited ability to pay solely through property taxes.

“We are tremendously grateful to receive $50,000 through the Federation of Canadian Municipalities’ (FCM) federally-funded Municipal Asset Management Program (MAMP). The funding will greatly assist us in working towards fulfilling provincial requirements with respect to developing an asset management policy, implement asset management software and undertake training. The new software will improve the accuracy and utility of our asset management data and will lead to enhanced reporting and forecasting abilities” stated Malcolm Morris, Chief Administrative Officer.

Canadians live in cleaner and healthier communities when municipalities use innovative ways to reduce pollution, improve energy efficiency and find new uses for their public infrastructure.

That’s why the Government of Canada and the Federation of Canadian Municipalities (FCM) announced funding for 42 new initiatives in communities across Canada through FCM’s Green Municipal Fund (GMF) and Municipal Asset Management Program (MAMP).

The announcement was made by the Honourable François-Philippe Champagne, Minister of Infrastructure and Communities, and Vicki-May Hamm, President of the Federation of Canadian Municipalities.

Under FCM’s Green Municipal Fund, communities of all sizes are implementing some of Canada’s most advanced solutions to protect the environment and reduce greenhouse gas emissions. For example, the City of Mount Pearl, Newfoundland, is using funding from GMF to look at ways to transform a former swimming pool into a specially designed “innovation hub” where researchers and entrepreneurs can work together to turn discoveries into new products and services that create jobs and business opportunities. The proposed retrofit would examine ways to improve the building’s energy efficiency, reduce water consumption and waste, and give an unused facility a new purpose.

Under FCM’s Municipal Asset Management Program, five rural communities in Manitoba are developing better ways to manage their existing infrastructure assets so that they are safer, better maintained and last longer. The participating communities include Alexander, Gimli, Morris, and Whitemouth and the Local Government District of Pinawa.

Mayor Shawn Pankow noted, “the funding will enable us to achieve our prime objective of building a robust asset management program leading to better informed infrastructure investment decisions in the Town of Smiths Falls.”

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