City of Regina Wins Industry Award for Innovation in Asset Management
The City of Regina received a national industry award at the 2023 Canadian Network of Asset Managers (CNAM) annual conference in Fredericton, New Brunswick held from May 1 to 4, 2023.
The Tereo Innovator Award, 2nd Place, was presented to the City’s Asset Management team for creating Regina’s first State of Infrastructure Report (Report). The Report looked at all City-owned assets and the replacement value, remaining life, condition and amount of investment needed.
“The City of Regina is honoured to receive industry recognition through the Tereo Innovator Award,” said Karen Gasmo Director, Sustainable Infrastructure. “The State of Infrastructure Report is essential for the entire organization as a vital decision-making tool to ensure we deliver services effectively and sustainably into the future.”
CNAM’s Tereo Innovator Award is provided to organizations who can successfully implement changes in order to effect business improvements. Asset Management is an integrated business approach within an organization that minimizes the lifecycle costs of owning, operating and maintaining assets at an acceptable level of risk, while continuously delivering established levels of service.
The City is committed to advancing a best-practice approach to asset management so residents can continue to rely on the necessary and desired services that make Regina an attractive place to live, work, visit and invest in.
Find more information and Regina’s award-winning State of Infrastructure Report on the City’s Asset Management webpage