In 2020, Port Milwaukee began the process of establishing a Capital Asset Renewal Plan (CARP) to comprehensively address deficiencies in port facilities and to establish a maintenance and replacement schedule for the Port's multimodal infrastructure. The CARP serves as a tool for Port Milwaukee to strategically plan for significant improvements to port facilities and to develop funding strategies for long-term asset repair and replacement.
This plan was developed to provide a high-level, long-term action plan for asset renewal for a 50-year period, and the CARP considers key factors influencing asset renewal planning at the port including the port’s goals, stakeholder input, and long-term trends in coastal conditions and infrastructure resiliency. The initial plan, developed in the 2020/2021 timeframe, projects asset renewal through the year 2070. As part of a process of continuous improvement and update, the CARP is intended to be updated at a regular intervals to maintain a 50-year planning horizon.
The CARP found that the total renewal need at Port Milwaukee is approximately $204 million, averaging $20 million every 5 years or $4 million annually.
Development of the CARP was funded, in part, by the Wisconsin Coastal Management Program and completed by Port Milwaukee staff in partnership with the engineering consultancy Ramboll.