The Future-Ready Roadmap
The Plan was developed in three phases, each with key strategic actions to comply with the Ontario Regulation 588/17: Asset Management Planning for Municipal Infrastructure under the Infrastructure for Jobs and Prosperities Act, 2015. The Future-Ready Roadmap was developed, to map out the stops needed to collect, compile, and complete key strategic actions.
The following graphics illustrates the "Steps to Develop the Asset Management Plan" For a larger version, download the "Steps to Develop the Asset Management Plan" PDF.

Background
In May 2024 City Council approved the Asset Management Plan: Phase Two presented with Report 134-2024 which provided information on all assets.
In December, 2023 City Council was provided with a progress update within report 321- 2023 – Municipal Mechanisms for Cost Recovery Progress Update (Infrastructure, Development & Operations – Engineering and Operations) on work to inventory municipal mechanisms the City of Thunder Bay could employ to recover and manage costs of services.
In December, 2021 Council approved Asset Management Plan: Phase One presented with report R.167.2021 Asset Management Plan: Phase One (Infrastructure and Operations) which provided information on core assets.
In February, 2019, Council approved a Strategic Asset Management Policy in accordance with Ontario Regulation 588/17.
On January 1, 2018 Ontario Regulation 588/17 Asset Management Planning for Municipal Infrastructure came into effect under the Infrastructure for Jobs and Prosperity Act, 2015.
Version 3 of the City’s Asset Management Plan was published in January 2017 with Report 3/2017 (Corporate Services & Long Term Care – Financial Services) and included all asset categories.
On June 5, 2017 Council passed a resolution recommending that the City of Thunder Bay participate in FCM’s Climate and Asset Management Network to develop an asset management policy, strategy and governance framework to align with the City’s Climate Adaptation Strategy and other social, economic and environmental sustainability goals.
In 2016, Council adopted the 2016 Asset Management Plan presented with Report No. 3.2017 which included paved roads, bridges, sidewalks, traffic signals, streetlights, water, sanitary, storm, facilities, and fleet.
In July, 2005, Council adopted the 2005 Asset Management Plan presented with Report No. 2005.173 Asset Management Plan (Transportation & Works) which included paved roads, bridges, sidewalks, traffic signals, streetlights, water, sanitary, storm, facilities, and fleet.