Item - 2025.TTA3.1

It is recommended that the Audit and Risk Management Committee:

1. Receive the International Association of Public Transport (UITP) Peer Review report and direct staff to evaluate the feasibility, cost, timing, and alignment of its recommendations with TTC’s mission and vision.

2. Direct staff to incorporate the recommendations deemed to be a strong strategic fit into the TTC Asset Management Maturity Roadmap.

3. Authorize that the information in Attachment 2 remain confidential as it contains information related to the security of the property of the TTC.

The TTC is an asset-intensive organization committed to advancing its asset management through a comprehensive, multi-year improvement program. A key element of this program is engaging industry subject matter experts and peer organizations to ensure alignment with best practices.

In keeping with this approach, the Audit & Risk Management Committee endorsed a International Association of Public Transport (UITP) led peer review of TTC’s Subway and Streetcar assets and maintenance programs at its meeting on September 11, 2024.

UITP has completed the review and has provided TTC with its findings. Attached to this report are the peer review key findings.

Funds to implement the TTC’s Enterprise Asset Management Program are included in the TTC’s 2025-2034 Capital Budget and Plan under Program 3.9 – Enterprise Asset Management, State of Good Repair, which was approved by the TTC Board at its meeting on January 10, 2025, and by City Council on February 11, 2025. The total project cost for the Enterprise Asset Management Program is approximately $62.1 million, comprising of costs to the end of 2024 of $8.1 million and approved funding in the 2025-2034 Capital Budget and Plan of $54 million.

In addition, the TTC is upgrading its Information Technology systems to implement Maximo to enable asset management planning and end-to-end asset life cycle management processes. Funds for the Maximo scope of work are also included in the TTC’s Council-approved 2025-2034 Capital Budget and Plan under Program 7.19 – Enterprise Asset Management (EAM) System, State of Good Repair.

The total project cost for the Enterprise Asset Management (IT) system is approximately $35.5 million, comprising of costs to the end of 2024 of $14.9 million, approved funding in the 2025-2034 Capital Budget and Plan of $15.0 million, and $5.6 million in unfunded requirements. Combined, there is $69 million in approved funding in the TTC’s approved 2025-2034 Capital Budget and Plan in support of this work, as summarized in the table below:

The Executive Director – Finance has reviewed this report and agrees with the financial impact information.