Territory Stories

2009 Corporate total asset management plan



2009 Corporate total asset management plan

Other title

Darwin City Council


City of Darwin reports; Reports; PublicationNT




Made available via the Publications (Legal Deposit) Act 2004 (NT).






Darwin(N.T.) -- Council -- Periodicals

Publisher name

Darwin City Council

Place of publication


Copyright owner

Check within Publication or with content Publisher.

Parent handle


Citation address


Page content

4 Corporate Asset Management Plan CCoorrppoorraattee AAsssseett MMaannaaggeemmeenntt PPllaann Executive Summary The goal of asset management is to provide the desired level of service through the provision and management of physical assets in the most cost effective manner, for present and future generations. At 30 June 2008, the replacement value of Darwin City Councils assets was $657 million, with $64 million in value being added since 2005 through new capital works, donated assets and increasing construction costs. To successfully maintain and operate assets of this value within acceptable levels of service, and balanced against available funding, presents a significant challenge for Darwin City Council and is an issue confronting Local Governments across Australia . The 2006 census reported that the population in the Darwin City Council area was just over 75,500, an increase of 3,400 people since 2001. The total population of the wider Darwin area (which includes Darwin City, Palmerston-East Arm and Litchfield) was 114,689 and is predicted to reach 154,000 by 2021. Due to the limited land capacity in the Darwin City Council area, and the general populations expectations of being able to live in individual houses, which creates the need for broad-acre developments, it is expected that the Palmerston-East Arm and Litchfield areas will absorb much of the population increase. A smaller percentage of the expected population increase will also be absorbed into the Darwin Central Business District as a result of the proliferation of high density apartments being constructed in this area. It is accepted that many of the residents from the wider Darwin area expect to use, or have access to, most of the facilities and services that Darwin City Council provides for its residents. This includes roads, cycle paths, areas around shopping centre, parks, recreation and sporting areas, libraries, child care and community centres. As the wider Darwin areas population grows, Council faces the challenges of accommodating the new residents needs and expectations and maintaining the quality of life that is currently evident within the community. In the next two to three years Council will prepare Asset Management Plans for its major asset classes to analyse the sustainability of processes of Councils infrastructure. The collated evaluation across the major asset classes of Buildings, Roads and Stormwater Drainage, the Corporate Asset Management Plan reveals that: Planned expenditure levels on capital renewals over the next decade indicate an average shortfall of $0.38 million per annum. This blows out to an average deficit of about $1.8 million per annum over the twenty year planning period which is related to the recognition that the West Lane Carpark and the Civic Centre are expected to be at the end of their