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Federation of Canadian Municipalities and Canadian government deliver more asset management funding for municipalities

Ottawa – The federal government and the Federation of Canadian Municipalities has launched the next phase of funding to help communities improve their asset management practices and enable them to make more informed decisions about roads, water systems, buildings and other infrastructure.

The funding is available through a renewed federal investment in FCM’s Municipal Asset Management Program (MAMP), first announced in last year’s federal budget. Since 2017, MAMP has funded more than 585 local asset management projects in communities across Canada.

Doubling down on this federal-municipal partnership will enable funding support for hundreds more municipal projects, mostly in smaller and rural communities, the FCM said in a news release. It will also support projects from Indigenous communities (with shared service agreements) and communities that will work together to share knowledge or resources.

“Municipalities are Canada’s builders,”  said Bill Karsten, president of the Federation of Canadian Municipalities. “We are responsible for 60 per cent of the roads, bridges and water systems that support Canada’s economy and quality of life. Ensuring local leaders have the right tools to make sound asset management decisions is one of the ways we can be ready to drive Canada’s economic recovery when the time comes.”

Managing existing and new infrastructure – while dealing with competing priorities and limited budgets – is a constant challenge for municipalities. Providing communities with tools and support to improve their decision-making process ensures they can plan a healthy, safe and prosperous future for their residents.

MAMP supports local government initiatives ranging from collecting asset management data and analyzing needs to developing policies and training staff to implement them.