Asset Management Plan

Under provincial legislation, municipalities are required to create an asset management plan. These plans provide an overview of the different assets like roads, bridges, facilities, etc. that municipalities own and maintain and the cost to maintain or replace them. 

What has Bluewater completed so far?

The Municipality of Bluewater's asset management plan was created in 2014 and was revised in 2024 to meet the regulatory requirements of Ontario Regulation 588/17: Asset Management Planning for Municipal Infrastructure.

The 2024 Asset Management Plan was completed in partnership with PSD Citywide to meet the regulatory requirements for 2024. It is available to download.

What comes next?

In 2025, municipalities must have an approved asset management plan for all municipal infrastructure assets. The 2025 plan will build on the requirements set out in 2024 under O. Reg. 588/17. This plan will refine the Municipality's infrastructure asset data to support more informed and proactive asset management decisions.

Project Status

PSD Citywide has been engaged to complete the 2025 asset management plan update. From January to August 2025, Bluewater is conducting internal data collection.

Contact Chris Milley, Financial Analyst at 519-236-4351 ext. 239.

Focusing on the future

Improving our asset management program will allow us to make more informed decisions, manage assets and accomplish goals. It will also improve our ability to deliver sustainable services and better manage risk. 

Municipalities are required to review their asset management plan every five years and provide annual updates on their asset management planning process. They are required to report on any factors affecting the ability of the municipality to meet its commitments as set out in the plan and create a strategy to address these factors.

In addition to our asset management plan, the Municipality's strategic asset management policy outlines the commitment for establishing the framework for asset management at the Municipality of Bluewater and communicates Bluewater’s leadership, responsibility and duty with regards to asset management to its managers, employees and stakeholders. An official version of the policy can be obtained by contacting the Manager of Finance.