Asset Management & Climate Change

2004 Peterborough, ON

On July 15 (2004) the water management system could not meet the heavy rainfall (150 mm+) demand. Flood damages exceeded $100 million in insured losses. In response , a flood reduction master plan was developed that looked to improve stormwater infrastructure and sanitary sewer systems as well as address inflow and infiltration.

Asset management is a set of coordinated activities, conducted across an organization in partnership with stakeholders, to realize value (e.g., services) from an asset (e.g., road, culvert, water pipe) through a deliberate approach to planning, implementation, and execution. 

Municipalities provide stewardship of core infrastructure through asset management plans that seek to balance levels of service, risk, and lifecycle cost. Provincial regulations (e.g., O. Reg. 588/17) provide interpretation & guidance.

2016 St. Alban's, NL

The effects of hurricane Matthew was to washout Swanger’s Cove Bridge near St. Alban’s, NL. The storm event resulted in approximately $225 million in damage with $80 million in insured losses. [Source: @CBCMarkQuinn]

2013 Calgary, AB

The storm event resulted in approximately $6 billion in damage with $2 billion in insured losses. The flood event was in the natural range for the Bow River, and illustrates the importance of integrating climate change within municipal planning and asset management practices. [see: Calgary Flood 2013 and Calgary Flood Story]

Guidance Documents