STATE OF OUR INFRASTRUCTURE ASSETS Providing infrastructure that meets community needs and expectations is fundamental to the economic, social and cultural vibrancy of Lake Macquarie City. The challenge in managing our assets is to maintain and enhance existing infrastructure while continuing to provide new infrastructure for our growing city.
$2.57 BILLION total infrastructure assets* $1.13 BILLION roads and bridges assets $611 MILLION drainage/stormwater assets $505 MILLION traffic and transportation assets $222 MILLION buildings assets $126 MILLION parks and reserves assets 4000 HECTARES natural areas assets
ASSET MANAGEMENT PLANS Through asset management planning, Council takes a whole-of-life approach to managing infrastructure assets. Our Asset Management Plans (AMPs) identify the levels of service we currently provide, future demands on our assets, as well as planned improvements. Expenditure projections and funding requirements are identified for the next 20 years, allowing for projected cost increases and growth in assets. This includes planning, creation, operation, maintenance, renewal and disposal of assets. The AMPs are closely aligned with Council’s Long-Term Financial Plan to ensure required funding is identified for the upkeep of our assets. AMPs cover Council’s key infrastructure asset classes: • buildings • drainage/stormwater • natural areas • parks and reserves • roads and bridges
*$2.57 billion is the written down value of our total infrastructure assets. The replacement value of these assets is $3.96 billion.
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• traffic and transportation.
