The Regional Municipality Of York

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Corporate Asset Management policy strengthens Region’s approach to managing assets



York Region manages assets with a replacement value of over $11 billion

Newmarket – The Regional Municipality of York has updated its Corporate Asset Management Policy providing a coordinated and affordable approach to managing over $11 billion in Regional assets.

“Regional assets, such as roads and water treatment infrastructure, are essential to provide services and contribute to the high quality of life enjoyed by our residents,” said York Region Chairman and CEO Wayne Emmerson. “An updated policy will play an important role in providing guidance and ensuring alignment with provincial regulations when managing these assets across our Region.”

More than 90 per cent of the Region’s assets are included in departmental asset management plans. Some of these plans account for core infrastructure such as roads, bridges, treatment and conveyance of water and wastewater systems and storm management systems. Plans which incorporate the balance of the Region’s assets are well underway.

Over the last five years, the Region has continued to grow its asset base and put programs in place to manage these important resources through all life-cycle phases.

Some of the policy updates include
  • Making decisions based on life-cycle data of the asset to maximize its value 
  • Aligning asset management planning with climate change mitigation approaches and the development of the Region’s Climate Change Action Plan 
  • Integrating industry standards and best practices while balancing asset cost, performance and risk
“The Region continues to balance the need to build new infrastructure with maintaining our existing infrastructure in a fiscally responsible way,” said City of Vaughan Regional Councillor Mario Ferri, Chair of Environmental Services. “Input from local cities and towns, residents and businesses will ensure a coordinated approach and identify the many levels of service needed when managing Regional assets.”

The Corporate Asset Management Policy is well aligned with the Region’s asset management practices and ensures responsible stewardship while continuing to provide services in a sustainable way.

The Regional Municipality of York consists of nine local cities and towns, and provides a variety of programs and services to 1.2 million residents and 51,000 businesses with 620,000 employees. More information about the Region’s key service areas is available at york.ca/regionalservices

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Media Contact:
Masrine Guthrie-Peart, Corporate Communications, The Regional Municipality of York
Tel: 1-877-464-9675, ext. 7727
Cell: 905-251-6416


York Region; Corporate Asset Management The Regional Municipality of York en-US Media Release