News Release: November 15, 2019
The Region of Peel continues to balance infrastructure needs with taxpayer affordability
BRAMPTON, ON. (Nov. 14, 2019) – The Region of Peel has released its 2019 Infrastructure Status and Outlook Report, highlighting that the Region’s infrastructure has achieved the target rating 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.
“Meeting the target of ‘Good’ demonstrates the Region of Peel’s commitment to responsible stewardship of the infrastructure through proactive, long-term planning," said Stephen VanOfwegen, Commissioner of Finance and Chief Financial Officer. "This planning and previous capital programs allowed the Region of Peel to add and replace many outdated and deficient assets with new, modernized infrastructure. Over the next 10 years, the Region will continue to invest appropriately in these assets to ensure they serve the needs of residents and contribute to a Community for Life in Peel.”
The Region owns and operates roads, bridges, buildings, pipes, fleet and equipment to support services from Housing Support to Water Supply, with a replacement value of approximately $29.6 Billion.
The ‘Good’ rating means most of the Region’s assets are achieving their Council approved targets. In order to maintain a good rating, the Region plans to invest approximately $2.9 Billion over the next 10 years.
A summary of the major infrastructure projects scheduled for the next 10 years can be found in the 2019 Infrastructure Status and Outlook Report.
Media ContactsBethany Lee
Manager, Strategic Client Communications
Region of Peel
905-791-7800, ext. 8556
The Region of Peel works with residents and partners to create a healthy, safe and connected Community for Life for approximately 1.5 million people and over 175,000 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 @regionofpeel and Instagram @peelregion.ca.