Sustaining and Leveraging the Potential of Canal Assets

This presentation discusses the financial challenges in sustaining a significant canal infrastructure base and the role of technology and innovation in realizing the full value of public assets. Strategic asset recapitalization, financial sustainability, government investment in renewable energy and collaboration with industry will be discussed.

Transcript

1. 1 Darlene Upton - Parks Canada Sustaining and Leveraging the Potential of Canal Assets
2. 2 168 NATIONAL HISTORIC SITES 46 NATIONAL PARKS 13 of 18 Canada’s WORLD HERITAGE SITES
3. 3 625 km of canals 75 communities >25,000km2 watersheds
4. 4 233 Dams --122 Road Bridges -- 114 Locks etc...
5. 5 The Obvious Need
6. 6 Yearly accumulation of deferred work Increasing government liability The Asset Challenge
7. 7 Skipping to the Punchline...2015 $3 Billion in funding for Parks Canada Over $950 Million announced for canals
8. 8 “Data! Data! Data!” he cried impatiently. “I can’t make bricks without clay.” Sherlock Holmes What Did it Take to Get There? 0 125 250 375 500 2011 2017 2023 2029 2035 2041 2047 Deferred Work Maintenance & Repairs Re-capitalization Safety Management Hazard level Number of Dams Very low or Low 71 Significant 47 High without loss of life 26 High with likely 1 to 10 losses of lives 73 High with likely 11 to 100 losses of lives 12 High with likely 100 + losses of lives 4 Total 233
9. 9 Asset Inventory
 

10. 10 National Asset Review - 2012
11. 11 National Asset Review Results 
 Canals Current Replacement Value = $5.8 Billion Canals Deferred Work = $1 Billion
12. 12 Third- party analysis of the methods used Public validation of our methods and results Resulted in increased public awareness Third Party Review - 2013
13. 13 Asset Prioritization and Rationalization - 2014 • Links to core mandate • Divestiture options A Solution from Within?
14. 14 No Easy Answers • Most assets core to mandate • Third party operation possible but economics not evident • Possibility that the Crown retains liability • A solution for some assets ??
15. 15 Socializing the Challenge
16. 16 A Compelling Case Public Interest in Heritage • Increased public awareness • Interest from non-governmental groups • Canada’s 150 Government Focus - Growing our Economy Together • Job creation • Supporting economic growth
17. 17 Implementation •Accessing expertise •Managing heritage •Coordination • Among projects • With operations •Seizing opportunities •Leveraging investments
18. 18 Ongoing Pressure
 

19. 19 Continuing Strategies Optimization and modernization Divestiture – specific cases Commercialization of more assets – tourism sector Exploring utilities – hydro and water management Exploring new funding opportunities
20. 20 Thank You