Canadian Network of Asset Managers (CNAM) is the association of public infrastructure asset management in Canada. [1] CNAM is a not-for-profit organization composed of both government and private sector members. [2] [3] The organization is committed to developing policy, tools and technologies that improve public infrastructure assets in Canada. The organization was initially founded by seven Canadian municipalities. It later grew and formed partnerships in and outside Canada. [2] [4] Among the main tasks of CNAM are educating municipalities on asset management and engaging younger generations in municipal asset management. [5]
Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and private physical structures such as roads, railways, bridges, airports, public transit systems, tunnels, water supply, sewers, electrical grids, and telecommunications. In general, infrastructure has been defined as "the physical components of interrelated systems providing commodities and services essential to enable, sustain, or enhance societal living conditions" and maintain the surrounding environment.
A public–private partnership is a long-term arrangement between a government and private sector institutions. Typically, it involves private capital financing government projects and services up-front, and then drawing revenues from taxpayers and/or users for profit over the course of the PPP contract. Public–private partnerships have been implemented in multiple countries and are primarily used for infrastructure projects. Although they are not compulsory, PPPs have been employed for building, equipping, operating and maintaining schools, hospitals, transport systems, and water and sewerage systems.
Brookfield Corporation is a Canadian multinational company that is one of the world's largest alternative investment management companies, with over US$900 billion of assets under management in 2023. It focuses on direct control investments in real estate, renewable power, infrastructure, credit and private equity. The company invests in distressed securities through Oaktree Capital, which it bought in 2019. Brookfield's headquarters are in Toronto.
Build–operate–transfer (BOT) or build–own–operate–transfer (BOOT) is a form of project delivery method, usually for large-scale infrastructure projects, wherein a private entity receives a concession from the public sector to finance, design, construct, own, and operate a facility stated in the concession contract. The private entity will have the right to operate it for a set period of time. This enables the project proponent to recover its investment and operating and maintenance expenses in the project.
Project delivery methods defines the characteristics of how a construction project is designed and built and the responsibilities of the parties involved in the construction. They are used by a construction manager who is working as an agent to the owner or by the owner itself to carry-out a construction project while mitigating the risks to the scope of work, time, budget, quality and safety of the project. These risks ranges from cost overruns, time delays and conflict among the various parties.
An institutional investor is an entity that pools money to purchase securities, real property, and other investment assets or originate loans. Institutional investors include commercial banks, central banks, credit unions, government-linked companies, insurers, pension funds, sovereign wealth funds, charities, hedge funds, real estate investment trusts, investment advisors, endowments, and mutual funds. Operating companies which invest excess capital in these types of assets may also be included in the term. Activist institutional investors may also influence corporate governance by exercising voting rights in their investments. In 2019, the world's top 500 asset managers collectively managed $104.4 trillion in Assets under Management (AuM).
The National League of Cities (NLC) is an American advocacy organization that represents the country's 19,495 cities, towns, and villages along with 49 state municipal leagues. Created in 1924, it has evolved into a membership organization providing education, research, support, and advocacy to city leaders across America. Based in Washington, D.C., it is considered part of the 'Big Seven', a group of organizations that represent state and local governments in the United States. NLC provides training and other resources to municipal officials, holds conferences, and conducts federal advocacy efforts on behalf of cities, towns and villages.
CNAM may refer to:
The Caisse de dépôt et placement du Québec is an institutional investor that manages several public and parapublic pension plans and insurance programs in the Canadian province of Quebec. It was established in 1965 by an act of the National Assembly, under the government of Jean Lesage, as part of the Quiet Revolution, a period of social and political change in Quebec. It is the second-largest pension fund in Canada, after the Canada Pension Plan Investment Board. It was created to manage the funds of the newly created Quebec Pension Plan, a public pension plan that aimed to provide financial security for Quebecers in retirement. The CDPQ’s mandate was to invest the funds prudently and profitably while also contributing to Quebec’s economic development. As of December 31, 2023, the CDPQ managed assets of C$434 billion, invested in Canada and elsewhere. The CDPQ is headquartered in Quebec City at the Price building and has its main business office in Montreal at the Édifice Jacques-Parizeau.
The municipal government of Toronto is the local government responsible for administering the city of Toronto in the Canadian province of Ontario. Its structure and powers are set out in the City of Toronto Act.
Asset management is a systematic approach to the governance and realization of all value for which a group or entity is responsible. It may apply both to tangible assets and to intangible assets. Asset management is a systematic process of developing, operating, maintaining, upgrading, and disposing of assets in the most cost-effective manner.
Alberta Investment Management Corporation (AIMCo) is a Canadian Crown corporation and institutional investor established to manage several public funds and pensions headquartered in Edmonton, Alberta. AIMCo was established by an act of the Legislative Assembly of Alberta in 2008 under the government of Progressive Conservative Premier Ed Stelmach.
The Ministry of Highways is divided into the Operations, Policy and Programs, and Corporate Services Divisions and the Communications Branch. The ministry is the employer of over 1,476 employees diversified amongst 105 communities in Saskatchewan. The current Minister of Highways and Infrastructure is Jeremy Cockrill.
ISO 55000 is an international standard covering management of assets of any kind. Before it, a Publicly Available Specification (PAS 55) was published by the British Standards Institution in 2004 for physical assets. The ISO 55000 series of Asset Management standards was launched in January 2014.
European Rail Infrastructure Managers (EIM) is a sector association that represents the interests of European rail infrastructure managers. Members consist of owners/managers of infrastructure from most European/EEA countries.
Brookfield Infrastructure Partners L.P. is a publicly traded limited partnership with corporate headquarters in Toronto, Canada, that engages in the acquisition and management of infrastructure assets on a global basis.
Infrastructure asset management is the integrated, multidisciplinary set of strategies in sustaining public infrastructure assets such as water treatment facilities, sewer lines, roads, utility grids, bridges, and railways. Generally, the process focuses on the later stages of a facility's life cycle, specifically maintenance, rehabilitation, and replacement. Asset management specifically uses software tools to organize and implement these strategies with the fundamental goal to preserve and extend the service life of long-term infrastructure assets which are vital underlying components in maintaining the quality of life in society and efficiency in the economy. In the 21st century, climate change adaptation has become an important part of infrastructure asset management competence.
The International Right of Way Association (IRWA) is a non-profit organization for Right of Way education and certification programs, as well as professional services, worldwide. The IRWA headquarters are located in Gardena, California, in the South Bay Area of Los Angeles.
The Funding Portal Inc. (Fundingportal) was a privately owned Canadian corporation that offered services and software solutions for grants and incentives management processes for applicants, funders, and advisors. It was the creator of Fundsearch, an AI-powered database of 21,000 sources of government funding and private capital for businesses, universities, hospitals, charities, and nonprofits in Canada, the United States, and the United Kingdom. Government grants, incentives, and tax credits aggregated in its Canadian Fundsearch database disbursed approximately $30 billion in funding on an annual basis. In 2015, it reported attracting 17,000 users per month.
Public–private partnership in Canada is a form of alternative service delivery that involves a formal, collaborative arrangement between the public and private sectors, typically of a long-term nature. Public–private partnerships are commonly used for infrastructure projects related to healthcare, transportation, the environment, justice and correction, recreation and culture, and education.