In 2021, an update to Amendment 193/21 of Ontario’s 588/17 Regulation 588/17 offered municipalities an extension to declare their asset management plan and policy by July 1, 2022. STI Maintenance explains all about the Regulation and its new obligation to comply before the deadline.
What is Ontario’s 588/17 Regulation?
Created under the Infrastructure for Jobs and Prosperity Act, 2015, Ontario Regulation 588/17 (O. Reg. 588/17) came into force on January 1, 2018. Through this Regulation called “Asset Management Planning for Municipal Infrastructure,” the provincial government requires municipalities to develop a strategic policy and asset management plan for their municipal infrastructure.
What does the Regulation require from municipalities’ in regards to asset management?
O. Reg 588/17 decreed in 2018 that municipalities must develop a strategic asset management policy depicting its goals, approaches, or commitments by July 1, 2019. This strategic management policy must be updated every five years thereafter.
The Regulation also requires an asset management plan covering a municipality’s infrastructure and, most importantly, critical infrastructure. Following the requirements for each asset category, this asset management plan must include:
- Current levels of service, i.e., asset reliability
- Information on lifecycle, including condition, average age or replacement cost
- The costs and activities required to maintain the levels of service for the next ten years
- For municipalities with a population of less than 25,000: projections of economic and demographic activity and their impact
- For municipalities with a population of 25,000 or more: the estimated costs of maintaining the level of service to accommodate both population and employment-related growth, projected funding, and assessment of associated risks.
What are the changes associated to amendment 193/21 and what does it mean for municipalities?
In March 2021, the provincial government amended Ontario Regulation 588/17 with Amendment 193/21 to adjust its deadlines. Here are the new dates allowed by the amendment.
- By July 1, 2022 (previously July 1, 2021), municipalities must have an approved asset management plan for their core municipal infrastructure assets, including the following: water, wastewater, stormwater management assets, roads, bridges, and culverts.
- By July 1, 2024 (formerly July 1, 2023), municipalities must have an approved asset management plan for their other municipal infrastructure assets.
- By July 1, 2025 (formerly July 1, 2024), municipalities must have an approved plan for all municipal infrastructure assets that build on the requirements established in 2024. If the additional required information is not included by July 1, 2024, the municipality must first update its plan based on the prior calendar years.
STI Maintenance assists municipalities with their asset management.
As an expert with over 30 years of experience, STI Maintenance helps municipalities comply with imposed regulations by offering them services for their planned asset management. From the migration to the implementation of strategic asset management software, such as IBM Maximo, or the development of a strategic plan, many municipalities already trust STI Maintenance. For instance, STI collaborated with Alstom for GoTransit on train maintenance for the City of Toronto. The City of Sherbrooke utilized STI’s services for its water management plan, public works, and energy production asset management. The City of Montreal worked with STI to plan their wastewater and water treatment asset management and Boralex for a hydroelectric plant infrastructure management plan.
Contact STI Maintenance to develop a strategic or asset management improvement plan for your municipality. Learn more here.