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State of Regional assets in good condition

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York Region has released its first Corporate Asset Management Plan assessing the state of the Region’s infrastructure assets which shows 93 per cent of Regional assets such as roads, bridges and facilities are in fair or better condition.

The plan is aligned to provincially legislated requirements and consolidates asset management practices across 13 service areas including inventory, asset life and condition, and replacement value while ensuring assets are valued consistently across the organization. As of December 2016, the estimated replacement value of Regional assets is $12.3 billion.

Earlier this year York Region updated its Corporate Asset Management Policy which provides a coordinated and sustainable approach to asset management practices. 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.

The Corporate Asset Management Plan will be updated again in 2022.



York Region; Regional assets York Region has released its first Corporate Asset Management Plan The Regional Municipality of York en-US News

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York Region; Regional assets
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