The City of Toronto is the largest municipality in Canada and the economic engine of the province and country. With this comes an important national responsibility and opportunity to deliver services, execute projects, and uphold strategic priorities that will benefit the region and other orders of government and contribute to Canada’s overall economic health, social standing, and environmental sustainability. Like many North American cities, the majority of the City of Toronto’s infrastructure was built during the post-war period and the onset of the industrial period. The European experience – with much older infrastructure – tells us that, over time, cities will need to allocate an increasing part of their budgets to ensure that basic infrastructures continue to be in a state of good repair (SOGR) to serve their constituents. In addition, the far-reaching implications of climate change present new challenges to building sustainable and innovative adaptations that rely upon green, renewable, and adaptive technologies. The 2019 Canadian Infrastructure Report Card (CIRC) highlights that a concerning amount of Canadian municipal infrastructure is in poor and very poor condition, requiring immediate rehabilitations and replacements in the next 5-10 years to maintain service levels that meet community expectations. For the City of Toronto specifically, more than 50% of its 2024-2033 Tax and Rate Supported Capital Budget and Plan is dedicated to capital investments in SOGR projects to simply maintain the current state of infrastructure over the next 10 years. In this context, it is extremely important to have high quality and comparable data across the organization for senior leadership to plan and prioritize renewal projects based on the evidence, implement best practices for cost savings, and leverage funding opportunities from provincial and federal governments. This report presents the City of Toronto’s 2024 Corporate Asset Management Plan for City Council's approval, in accordance with Ontario Regulation 588/17: Asset Management Planning for Municipal Infrastructure (the “Regulation”) under the Infrastructure for Jobs and Prosperity Act. The regulation was subsequently amended in March of 2021 under Ontario Regulation 193/21 to change the timing of reporting requirements under the Act. The report will address all other municipal infrastructure assets outside of the core assets reported through the Core Infrastructure Asset Management Plan approved by Council in November 2021 which included water, wastewater, stormwater, roads, bridges, and culverts. The infrastructure assets contained in this report are categorized into 9 asset classes: facilities, fleet, equipment, amenities, collections, linear infrastructure, natural assets, structures and systems. The 2024 Corporate Asset Management Plan (AMP) encompasses 25 City Divisions, Agencies, and Corporations (DACs) that hold ownership and/or responsibility over City-owned municipal infrastructure assets, as defined by the regulation. Organized into 8 service areas and 24 subservices, the Corporate AMP exhibits the multitude of services provided by the City and demonstrates the relationship between service delivery and the assets that support those services. The AMP is based on the data, information, professional judgement, and expertise of the asset management teams and leads that reside within each area, in conjunction with the work and analysis conducted through the City’s annual Budget process and reflected in the 2024 Operating Budget and 2024-2033 Capital Budget and Plan.
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