Port Coquitlam is continuing to make critical capital improvements throughout the City while safeguarding taxpayers from rapidly changing market conditions. Some projects are being delayed or adjusted to reduce the impact of the highly competitive construction market and supply chain issues, and to take advantage of additional provincial or federal grant opportunities.

Asset Management

Proper management of the City’s assets is essential to providing the municipal services that maintain residents’ quality of life, now and in the future.

Port Coquitlam has an asset base of about $1.3 billion in infrastructure that includes buildings, parks, roads, fleet, information technology and the water, drainage and sewer systems. Most of the City’s infrastructure built in the 1960s and 1980s is beginning to show signs of age. As assets approach the end of their lives, resources are required to ensure the continuation of current service levels.

Why Asset Management is Important

A corporate-wide asset management program ensures the City is investing in the renewal of its assets at a sustainable level, and is balancing those financial requirements with the demand for new services.

Additionally, it provides tools and metrics to evaluate the performance of assets over their service life and to make operational changes to maximize their value.

Port Coquitlam has established an Asset Management Team and Steering Committee to oversee the development and implementation of a proactive long-term asset management program  – one of City Council’s 2020-2022 priorities.

Learn more about this process:

• Asset Management brochure (March 2019)
• Asset Management report (March 2019)

Location and Mailing Address

City Hall Annex (beside City Hall)
200 – 2564 Shaughnessy Street
Port Coquitlam BC  V3C 3G4

Business Hours: 8:30 am to 4:30 pm, Monday to Friday (excluding statutory holidays)