Mornington Peninsula Shire Council’s new Asset Plan 2022-2032 has been adopted and will inform a ten-year plan across four key areas: transportation, stormwater, buildings and open space.

The Shire manages assets on behalf of the community, including: buildings, local roads, bridges, footpaths, shared paths, marine structures, drainage, and open space and recreation assets.

With a combined estimated replacement value of $2.3 billion, these assets are used to provide important services to the community. 

Informed by its Community Vision, Council and Wellbeing Plan, and Financial Plan, the Asset Plan ensures effective management and stewardship of Council assets over the next ten years and beyond.

Valuable views and insights gained through key stakeholder workshops, community feedback from the 2022/23 Shire Budget community consultation, and a Citizens’ Panel representing a cross section of the community, has helped shape the document to ensure it delivers the required level of service expected by the community in the most effective way.

The Local Government Act 2020 requires all Victorian councils to develop an Asset Plan with an outlook of at least ten years by 30 June 2022. 

The Asset Plan 2022-2032 is available to view at

Mornington Peninsula Mayor, Anthony Marsh, said the Plan represented the Council’s commitment to creating better and maintaining current assets. 

“We know the community values the assets we look after,” Mayor Marsh said. 

“As our population grows and needs change, our challenge is to ensure we make well-informed investment decisions about where to prioritise funding and how to ensure our services remain affordable, appropriate and sustainable.

“With over $2.3 billion worth of infrastructure assets across the Shire, it’s vital we ensure our assets are strategically managed to meet our community’s current and future needs, enabling us to deliver on the actions in our Community and Wellbeing Plan in a cost-effective manner.

The Asset Plan builds on the great work the Shire has already done in managing, maintaining and renewing our infrastructure, and will become a road map for providing valuable assets to the community in the future.

“We have listened to the voice of our community throughout the process of developing the Plan, using inputs from community surveys, workshops and our Citizens’ Panel.”


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