New plan guides management of Shire’s $2.3b infrastructure assets

Published on 23 June 2022


On Tuesday 14 June 2022, Mornington Peninsula Shire Council adopted its Asset Plan 2022-2032 establishing a framework for how community assets will be managed now and into the future.

The Plan informs the spend of just over $1 billion across the next 10 years where it’s needed most, within the four key areas of 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 our Community VisionCouncil and Wellbeing Plan, and Financial Plan, the Asset Plan ensures effective management and stewardship of Council assets over the next 10 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 shaped 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 10 years by 30 June 2022. 

Our Asset Plan 2022-2032 is available to view at

Quotes attributable to the Mayor Councillor Anthony Marsh:

“We know the community values the assets we look after. 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.

“We have developed a sound Plan to ensure our existing assets are kept clean, safe, and accessible now and for many years to come. This is part of our commitment to creating better facilities and maintaining them too.”



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