Construction Business magazine

    LIVING WATER SMART IN BRITISH COLUMBIA: “The benefit of assigning worth to a stream corridor as an asset is that it leads to consideration of efforts needed to maintain that asset. To borrow a framework from the financial world, a Maintenance and Management (M&M) budget needs to be assigned to keep up the performance of ecological services beyond the natural asset’s initial ‘capital’ costs,” stated Ray Rung, retired Director of Engineering (March 2022)

    “Formal responsibility for the services that stream corridors provide, as equivalents to engineered assets, mostly lies with local government. EAP, the Ecological Accounting Process, puts M&M of stream corridors and wetlands on an equal footing with say, pipes and pumps. The methodology and metrics recognize the importance of the stream in the landscape. EAP supports local governments that intend to include stream systems in asset management calculations. Through EAP, local governments have a guiding philosophy, methodology and metrics to make a financial case for stream systems,” stated Ray Fung.

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