As Greater Geelong evolves and expands, so do our goals and priorities for the region.

Our population is growing, we are becoming more environmentally, economically and socially sustainable, technology is opening new and exciting possibilities, and we have a deeper understanding of our precious natural environment.

This Asset Plan will help us address the challenges and opportunities each of these changes presents.

In total, the City of Greater Geelong’s asset base is now valued at $3.1 billion – a number that will continue to increase as we invest in new facilities across the region and inherit assets such as parks, roads, drainage and footpaths in newly developed areas.

To best serve our community, all of these assets must be maintained to a high standard, meaning a growing asset base places increasing pressure on our annual budget.

In response, the Council has made a strategic decision to allocate a progressively higher share of its budget towards asset renewal over the next 10 years. This document sets out a plan to raise the figure from $28.2 million in 2021-22 to $45.7 million by 2032.

This means that while we will continue to deliver new facilities and infrastructure, we will have a stronger focus on renewing assets in already established areas so that they can continue to meet the community’s needs.

Having been awarded the Institute of Public Works Engineering Australasia’s Excellence in Asset Management Award in 2021, we’re confident this plan will further strengthen the City’s position as a leader in asset management within the local government sector.

Recognising the importance of making strategic decisions that reflect the needs and wishes of our community, the plan also delivers on Council’s new deliberative engagement requirements under the Local Government Act 2020.

It will see us continue to work with partners, the community and key stakeholders to develop relationships that improve our capacity to plan and deliver timely infrastructure.

The key is in staying true to our values, while being adaptable enough to respond to evolving short- and medium-term circumstances and needs.

Our Asset Plan 2022–32 is a key component of the City’s Integrated Planning Framework, which also includes our long-term clever and creative vision, Our Community Plan 2021–25 and the Long-Term Financial Plan.

We are confident that it will go a long way towards ensuring Greater Geelong is a sustainable, flourishing and prosperous region, and we look forward to seeing its outcomes become a reality in the coming years.