ASSET MANAGEMENT FOR SUSTAINABLE SERVICE DELIVERY: “It is ironic that we began breathing life, meaning and more serious resources into the long-term management of our physical assets as soon as they began reaching ‘end-of-life’,” stated Diane Kalen-Sukra, former Chief Administrative Officer of Salmo, in an article published in the Winter 2021 issue of the Asset Management BC Newsletter

Managing Assets of Infinite Value

“It is ironic that we began breathing life, meaning and more serious resources into the long-term management of our physical assets as soon as they began reaching ‘end-of-life’. We evaluated their condition, began taking a hard look at the effects of years of neglect, the costs of renewal and contemplated life cycles like never before. Our public municipal assets were measured and ascribed a value – $1.1 trillion or $80,000 per household, on average. Clearly, we are all heavily invested,” stated Diane Kalen-Sukra, former Chief Administrative Officer of Salmo.

“We had the same late awakening with natural assets – overlooking them until our physical infrastructure was exposed as vulnerable to climate change and tight budgets highlighted the cost effectiveness and resilience of natural assets like aquifers and wetlands. These natural gifts we had unconsciously relied upon are now being evaluated and ascribed a dollar value. Perhaps once this work is done, we will realize again, that we are all heavily invested.”

To Learn More:

To read the complete article by Diane Kalen-Sukra, download a copy of the Winter 2021 issue of the Asset Management BC Newsletter