MORNINGTON Peninsula Shire Council has adopted a “framework” to spend more than $1 billion over the next decade on its “effective management and stewardship” of council-owned assets worth $2.3 billion.
The four “key areas” for the spend adopted on 14 June as part of the shire’s Asset Plan 2022-2032 are transportation, stormwater, buildings and open space.
The shire’s assets – buildings, local roads, bridges, footpaths, shared paths, marine structures, drainage, and open space and recreation – have a combined estimated replacement value of $2.3 billion.
The Asset Plan 2022-2032 can be seen at mornpen.vic.gov.au/strategiesandplans
First published in the Mornington News – 12 July 2022
