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The Integrated Investment Plan establishes a solid foundation for all current and future Canadian Coast Guard investment activities. It includes input from across the country to form a unified Coast Guard voice and a clear vision on how scarce resources should be spent.
Over the next five-year planning cycle, Coast Guard will continue to focus the majority of its investment monies on regular activities such as vessel refit, waterway channel restoration, vessel maintenance management and small craft replacement. The remainder of the portfolio will focus primarily in updating CCG’s system infrastructure and renewing its small vessel fleet. Important investments to the large vessel fleet will require significant new funds.
The Integrated Investment Plan presents a five-year planning solution that is affordable, productive, financially sustainable, and essential to the Canadian Coast Guard. However, while the Agency attempts to create the most financially sustainable plan possible, the level of investment falls short of creating a complete life-cycle management solution. The current reinvestment rate is not high enough to ensure assets are replaced at the end of their planned operational life. Through the use of its planning and prioritization frameworks as well as the partnership of both Centres of Expertise, Coast Guard is working to minimize its program risks by investing in its highest national priorities.
This document represents the Agency’s second year preparing an integrated investment plan. Coast Guard will continue to learn from its experience in preparing and implementing this plan over the course of the 2011/12 to 2015/16 planning cycle. By continuously refining its planning processes, its frameworks and its proven approach to investment decision-making, Coast Guard will succeed in maximizing total value for money and sound stewardship.
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