Each year, the City of Edmonton puts together an inventory of its infrastructure. This report gives Council an idea of the replacement value and present condition of all the different types of infrastructure that the City owns.
The total replacement value for all of the City’s infrastructure is $42.8 billion. That means that if every recreation facility, snow plough, and roadway fell victim to some kind of catastrophe tomorrow, it would take $42.8 billion dollars to replace all of it.
Overall, our infrastructure is in pretty good condition. 15% of our assets are in poor to very poor condition, which is worse than the national average - however, our infrastructure reinvestment is higher, which means we are putting our money to good use repairing infrastructure that was left to decay in previous years. The best infrastructure in terms of lifespan are drainage assets, which have an average lifespan of 125 years, compared to 70 years for other types of infrastructure.
Over the past several years, the City has progressively improved the average condition of our infrastructure assets. Programs like Neighbourhood Renewal, Arterial Renewal, and major drainage projects are improving the condition of our existing assets, and we are on pace to meet our physical condition targets by 2031.
In Ward 10, we are certainly seeing our share of infrastructure renewal. We have on-going drainage projects in Royal Gardens, Aspen Gardens, and Greenfield. Parkallen has already received neighbourhood renewal, and Allendale, Royal Gardens and Lansdowne are upcoming in the next two years.
All of the renewal projects that are currently approved in the three year Capital plan have designated funding. But we also received good news from the federal government, in the form of a promise for $700 million infrastructure dollars to Alberta in the next few months. We still don’t know how much of that funding will be coming to Edmonton, but it could go a long way towards renewing or building new projects.
With so much renewal work and new construction planned, and with the importance of tackling big issues like adapting to climate change and retrofitting inefficient building stock being front of mind, the Federal government’s investment in our city is needed soon.
We’ll need to wait and see what the federal government will give us to work with, but I’m pretty excited at the prospect of getting more Edmontonians back to work on new projects. This funding could be a mini-New Deal for Edmonton to carry us through this economic slump.