The City of Colwood took home a distinction among the province’s municipalities for its sustainable infrastructure replacement plan.
The City won a Community Excellence Award at the Union of British Columbia Municipalities (UBCM) annual convention, under the ‘excellence in asset management’ category.
According to a UBCM media release, the award is earned by “developing comprehensive, integrated, innovative and effective approaches to the management of existing and new infrastructure.”
Created in 2019, Colwood’s Sustainable Infrastructure Replacement Plan was made to develop a “practical, palatable and realistic funding strategy for the long term replacement of existing capital services.”
The plan includes an infrastructure report card giving each infrastructure category a rating from A to F as well as an outline of its current condition and 50-year funding forecasts required to maintain its assets. The plan ends with a summary of policy reccomendations for implementing infrastructure replacement costs.