October 2013
| Business World Magazine | 39
Located beside the Petitcodiac River in
southeastern New Brunswick, the City of
Moncton is host to a population of some
70,000 people, which swells to a number of
more than 139,000 when combined with the
composite of those in the neighboring com-
munities that include the City of Dieppe
and the Town of Riverview. In that Monc-
ton is geographically centered amidst the
busy transit of goods by-rail or by-road, all
spurred by maritime operations, it has been
historically dubbed as “Hub City,” yet in
terms of the present, Moncton has become
a hub of capital improvement efforts which
point to a vibrant future, growing economy
and greater quality of life.
“We have certainly hit our stride in the
past two to three years,” states Alcide Rich-
ard, Director of Design and Construction
for the city of Moncton, “We are the biggest
we’ve been from a capital budget perspec-
tive, and while some communities’ popula-
tions are in a decline, we are growing.”
While growth of a community can cer-
tainly drive economic development within
an area, it also can raise issues across the
board that can sink a community as easily as
it could help them, what has been able to set
Moncton apart in two parts, is an asset man-
agement plan as well as a financial manage-
ment plan.
Enter René Lagacé, Intermediate Project
Engineer for the City of Moncton.
“René’s job is to be the asset management
guru for the City,” continues Alcide, while
explaining how the city is taking advantage
