Asset Management Program
Every day, Comox Valley residents rely on essential infrastructure such as drinking water, wastewater services, parks, trails, and community facilities.
Behind the scenes, the Comox Valley Regional District (CVRD) is taking important steps to ensure these systems continue to serve the community well into the future through a renewed focus on asset management.
Vision for asset management in the CVRD
“To maximize asset value through a standardized, data-driven, and risk-based asset management framework”.
Asset management approach and priorities
Asset management is the coordinated process of monitoring, maintaining, and renewing infrastructure to deliver services in the most cost-effective and sustainable way possible.
The CVRD's approach is guided by two new strategic documents: the Asset Management Policy and the Asset Management Strategy. Together, these documents provide clear direction and a structured plan of 14 initiatives to improve data quality, strengthen decision-making, and ensure long-term financial sustainability.
In January 2026, the CVRD Board directed staff to prioritize services that have the most infrastructure, are most critical to service delivery, or carry the greatest safety risks. Over the next five years (2026–2030), the CVRD will improve how it manages assets in the core services areas of water supply, sewage treatment, recreation, and solid waste management.
Asset Management Program progress
The CVRD uses the Federation of Canadian Municipalities’ Asset Management Readiness Scale (AMRS) to measure progress in core competency areas of asset management. The chart below compares the CVRD’s 2025 and 2026 assessments.
Related documents
- Asset Management Policy
- Asset Management Strategy
- News release, October 22, 2025: CVRD Strengthens Its Approach to Asset Management
- Handout – Asset Management Overview
- 2026 Asset Management Program update: Staff Report
- CVRD Asset Management Competency Framework