Municipal Natural Assets Initiative

A Call for Expressions of Interest to host a Municipal Natural Assets Initiative pilot project has been extended to August 28. The Municipal Natural Assets Initiative will support 5 municipalities in the integration of natural assets into their existing asset management processes, as described in detail in the Call for Expressions of Interest

Some municipalities secure services such as the provision of clean drinking water or storm water retention by protecting natural assets such as watersheds, wetlands and forests. Asset management business processes and associated long-term financial planning are emerging as powerful mechanisms to measure and manage natural assets – and secure the services they provide - in a systematic manner.  Evidence to date suggests this strategy can save capital and operating costs, reduce risk, and help municipalities to provide core services in a sustainable manner.

The Municipal Natural Assets Initiative provides an excellent opportunity to maximize the value of current or planned asset management efforts, and leverage substantial new resources and support.

The period for responses to extended Call for Expressions of Interest are due August 28, 2017.

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