News Release - March 26, 2019
RDN Asset Management Update
The 2019 Asset Management Review and Implementation Report was presented to the Regional District of Nanaimo (RDN) Board of Directors at their Committee of the Whole meeting, held March 12, 2019. The Report is the culmination of three years of collaborative effort, as all departments responsible for managing the RDN's $382 million dollars in assets worked together to develop a more integrated, holistic approach to asset management for the organization."This work is a pivotal step for the RDN," noted Ian Thorpe, RDN Board Chair. "It brings critical information together in a new way, shedding light on what we do well, where we can improve, and the importance of working collaboratively to build a consistent approach to asset management across the RDN."
While this Report is the first of its kind completed by the RDN, the organization has responsibly and effectively managed assets since its creation in 1967. One of the fundamental purposes of regional districts is to provide services best delivered on a collaborative basis, across jurisdictions, on large scale, and beyond the financial ability of individual municipalities or electoral areas.
Guided by the Asset Management BC Framework and with financial support from the Union of BC Municipalities, the 2019 Asset Management Review and Implementation Report positions the RDN to continue to improve its ability to deliver cost-effective, high quality services to RDN residents over the long-term. To see the approved report, visit 2019 Asset Management Review and Implementation Report at rdn.bc.ca/long-term-plans.