Infrastructure Management: Challenges & Opportunities
“Local governments in British Columbia are faced with this financial challenge: the initial capital cost of infrastructure is about 20% of the life-cycle cost; the other 80% largely represents a future unfunded liability. Each year, the funding shortfall grows. As infrastructure ages and fails, local governments cannot keep up with renewal and/or replacement. Fiscal constraints provide a powerful impetus for doing business differently. Green infrastructure is part of a holistic approach to ‘achieve more with less’,” explains Glen Brown, Executive Director with the Ministry of Community, Sport and Cultural Development. His responsibilities encompass local government infrastructure and finance.
“The term Sustainable Service Delivery describes a life-cycle way of thinking about infrastructure needs and how to pay for those needs over time. The link between asset management and the protection of a community’s natural resources is emerging as an important piece in Sustainable Service Delivery,” emphasizes Glen Brown.
To Learn More:
To download a copy of the complete story posted in April 2011 on the Vancouver Island community-of-interest, click on Sustainable Service Delivery Links Land Use Planning, Watershed Health and ‘Infrastructure Liability’
Posted April 2011