New FCM Funding to Improve Asset Management
The Federation of Canadian Municipalities with the Government of Canada is pleased to announce new funding to help Canadian municipalities boost economic growth and local quality of life.
The funding is offered through the Municipal Asset Management Program (MAMP).
The Program will provide funding, training and support to municipalities:
to support better planning and management of municipal infrastructure
There will be significant benefits to municipalities and to Canadians, including:
Municipal decision-makers will acquire the tools to manage their physical assets based on sound planning and analysis, and this will ensure that infrastructure dollars go further.
The Municipal Asset Management Program is a $50 million investment to support an analytical, data-driven approach that will help municipal officials to make informed decisions and strengthen planning about infrastructure investments.
The program will support a range of initiatives that:
introduce or enhance sound asset management practices
fund planning, data management and analysis initiatives
gather and share knowledge with municipalities across Canada
FCM will be working with provincial and territorial associations and other stakeholder groups to deliver key elements of the program.
In addition to the Municipal Asset Management Program, the Government has also endowed FCM with $75 million to establish the Municipalities for Climate Innovation Program (MCIP).