Edmonton was the first city in Canada to develop a comprehensive inventory of its infrastructure assets for evaluating the state and condition of diverse infrastructure assets.
To manage Edmonton’s infrastructure, every year the Office of Infrastructure and Funding Strategy determines the categorization, quantity, units of measure, average age, expected asset life, and condition of all municipally owned assets.
Replacement ValueIf the asset failed today, what would it cost to replace it?
The replacement value provides an approximate value of the assets owned and managed by the city. This statistical value is used for estimating the dollar value of the assets for a variety of purposes.
Average Age and Expected Asset LifeHow many more years is the asset expected to last?
As assets age, reinvestment is needed to ensure that they meet their intended function safely. Different types of assets age at different rates, and the tolerance level of assets in a poor condition is also different. For example, drainage assets can be viable at 75 years, but a road asset would not last that long without reinvestment.
How much reinvestment is required to keep assets at a specified level of performance?
The Office of Infrastructure and Funding Strategy evaluates the condition of assets according to three criteria:
- Physical condition: condition of the physical infrastructure that allows it to meet the intended service level.
- Demand/capacity: The capacity of the physical infrastructure and its ability to meet the service needs.
- Functionality: The ability of the physical infrastructure to meet program delivery needs.
A five-point rating system (very good, good, fair, poor, and very poor) provides a high-level perspective of the state and condition of the City’s infrastructure. Infrastructure with a “poor” or “very poor” ranking is not performing to its designed function and not meeting program and service delivery needs.
Take a look at the latest Infrastructure Inventory Report to get an insight into how the City manages and tracks its assets and into the current state of those assets.