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Asset Management Plan


Image of the Cascade St Power dam in fall

Asset management planning (AMP) is an ongoing and long-term process that allows municipalities to make the best possible investment decisions for their infrastructure assets. This includes:

  • Building
  • Operation
  • Maintenance
  • Renewal
  • Replacement
  • Disposal

In many parts of Ontario, existing infrastructure is degrading faster than it is being repaired or replaced, putting services at risk. To help address this issue, the Province implemented the Asset Management Planning for Municipal Infrastructure Regulation, O. Reg. 588/17 as amended by O.Reg. 193/21, effective January 1, 2018. The goal of this regulation is to help improve the way municipalities plan for their infrastructure. The regulation builds on the progress municipalities have made while bringing consistency and standardization to asset management plans to help spread best practices throughout the sector and enable the collection of comparable data.

In response, the Town of Parry Sound, together with its consultant "PSD Citywide Inc.", developed an Asset Management Plan that includes all core infrastructure assets as defined in Ontario Regulation 588/17. This Asset Management Plan will be brought forward to Council on August 9, 2022.

Town of Parry Sound Asset Management Plan Draft