State of the Assets Report 2018

Sate of Assets snipNovember saw the release of the ALGA’s 2018 National State of the Assets Report. It is reported that $30 billion is required to renew and replace ageing infrastructure that is needed now.

Capacity of infrastructure was also reported. Capacity is linked to productivity and productivity is a major focus in infrastructure investment. Councils estimate $24 billion of current infrastructure value has poor capacity over the approximate $426 billion estimated portfolio of council infrastructure fixed and land assets. Take a look at the report here.

AMCouncil checks out Mexican Government Infrastructure Tool

MexicoThe AMCouncil dropped by Trade Victoria office recently to meet with representatives from BANOBRAS. This included Mr Esau Garza, Trade Commissioner; Mr Alejandro Blasco, Head of Investor Relations; and Mr Luis Ampudia, Vice President of Investor Relations from Mexico who walked through the Mexican Government's newly developed Infrastructure investment tool which is a good reference to explore potential usiness opportunities in Mexico.

Read more: AMCouncil checks out Mexican Government Infrastructure Tool

Smart transformation triggers a virtuous cycle of economic growth in cities

The research arm of leading economic consultancy Econsult Solutions Inc, ESI ThoughtLab, has just released findings from a worldwide benchmarking study of 136 cities that the catalytic impacts associated with becoming a smarter city have the potential to increase GDP per capita by as much as 21% and population growth by 13% over the next five years for cities beginning their smart city journey.

Read more: Smart transformation triggers a virtuous cycle of economic growth in cities

How Infrastructure NSW is Meeting the Challenge

sydney4Many thanks on behalf of the Asset Management Council and our Sydney Chapter Committee to Rami Affan, Infrastrcuture NSW, for his excellent presentation on Wednesday night at Sydney Water's head office in Parramatta.

The large audience clearly appreciated learning about Infrastructure NSW's State Infrastructure Strategy through the lens of asset management and the inclusive and collaborative deployment strategy (via such avenues as the AM Community of Practice and Asset Management Maturity Assessments both run jointly with the AMCouncil).

Read more: How Infrastructure NSW is Meeting the Challenge