Media Alert: January 11, 2019
Region of Peel Continues to Balance Infrastructure Needs with Taxpayer Affordability
BRAMPTON, ON. (Jan. 11, 2019) – The Region of Peel has released its 2018 Infrastructure Status and Outlook Report, highlighting that the Region’s infrastructure has achieved the target of ‘Good’. A score of ‘Good’ allows the Region to balance investing enough in the infrastructure to support efficient and reliable services while maintaining affordable tax and utility rates for the community.
"We are proud to meet our target of ‘Good’ and remain committed to responsible stewards hip of this infrastructure through proactive, long-term planning," said Stephen VanOfwegen, Commissioner of Finance and Chief Financial Officer. "Over the next 10 years, the Region will continue to invest appropriately in our assets to ensure they support the high-quality services the Region provides, contributing to a Community for Life in Peel."
The ‘Good’ rating means most of the Region’s assets are achieving their Council approved targets due to several positive factors, including:
- The implementation of a comprehensive Asset Management Policy and Strategy for proactive, long-term, strategic planning
- Steady and prudent levels of reinvestments to maintain state-of-good repair
- A strong capital program of new and rehabilitated infrastructure, that has added and replaced many outdated and poor assets with new, modernized infrastructure
- Council’s priority to maintain Peel’s assets in a state of good repair without incurring long-term debt
The Region owns and operates roads, bridges, buildings, pipes, fleet and equipment, with a replacement value of approximately $27.8 Billion.
The Region of Peel works with residents and partners to create a healthy, safe and connected community for life for more than 1.4 million people and approximately 163,000 businesses in the cities of Brampton and Mississauga and the Town of Caledon. Peel's services touch the lives of residents every day. For more information about the Region of Peel, explore peelregion.ca and follow us on Twitter at @regionofpeel.
Media ContactsGenevieve Ricciardella
Specialist, Corporate Communications
Region of Peel
905-791-7800, ext. 4672