Stormwater assets help to manage the rainfall in our city. This includes our drainage pits and pipes and also our water-sensitive assets, such as rain gardens and wetlands that help to keep our waterways clean.
We have recently completed a study of the capacity of the stormwater network to identify areas that need improvement to control flooding. The costs of these upgrades still need to be quantified. These costs will be assessed over time and will be reflected in future revisions of our Asset Plan and Financial Plan.
The replacement value of our stormwater assets is $288.9 million, representing 23.35% of our total assets.