Infrastructure investment, human capital formation and innovation are essential for the promotion of economic growth within a municipality (OECD, 2009). The infrastructure assets of the Breede Valley Municipality (BVM) are managed in accordance with the asset management policy of BVM. The policy is drawn up in line with the relevant statutory and regulatory frameworks and the relevant GRAP standards as set out by The Accounting Standards Board. Infrastructure assets represent 76% of the total asset component of the municipality and has a total book value of R1 492 997 003. Listed below are the five biggest asset types of infrastructure assets: Top 5 Infrastructure Assets: 1 Name Electricity Reticulation Asset Type Electricity Asset Value R297 263 197 ASSET 2 Name Water Reservoirs & Reticulation Description Water Asset Value R392 931 635 ASSET 3 Name Roads, Pavements, Bridges & Stormwater Asset Type Roads Asset Value R427 970 367 ASSET 4 Name Waste Management Asset Type Solid Waste Management Asset Value R 17 950 227 ASSET 5 Name Sewerage Purification & Reticulation Asset Type Waste Water Management Asset Value R 298 875 037
Infrastructure investment, human capital formation and innovation are essential for the promotion of economic growth within a municipality (OECD, 2009). The infrastructure assets of the Breede Valley Municipality (BVM) are managed in accordance with the asset management policy of BVM. The policy is drawn up in line with the relevant statutory and regulatory frameworks and the relevant GRAP standards as set out by The Accounting Standards Board. Infrastructure assets represent 76% of the total asset component of the municipality and has a total book value of R1 492 997 003. Listed below are the five biggest asset types of infrastructure assets: Top 5 Infrastructure Assets: 1 Name Electricity Reticulation Asset Type Electricity Asset Value R297 263 197 ASSET 2 Name Water Reservoirs & Reticulation Description Water Asset Value R392 931 635 ASSET 3 Name Roads, Pavements, Bridges & Stormwater Asset Type Roads Asset Value R427 970 367 ASSET 4 Name Waste Management Asset Type Solid Waste Management Asset Value R 17 950 227 ASSET 5 Name Sewerage Purification & Reticulation Asset Type Waste Water Management Asset Value R 298 875 037