The City of Courtenay has received a $50,000 boost for its asset management efforts.

The funding was given to a number of municipalities through the Municipal Asset Management Program (MAMP).

It’s a new five-year, $50-million program designed to help municipalities make informed decisions about infrastructure investment. The program is delivered by the Federation of Canadian Municipalities and funded by the Government of Canada.

In Courtenay, the funding will be put towards a Land Disposition and Acquisition Strategy. Earlier in the year, Council agreed on the use of $150,000 in federal Gas Tax funds to develop the strategy.

The new asset management program will help offset that cost.