As governments come under growing budgetary pressure, there is an increasing need to demonstrate the value for money for all types of expenditure, including road maintenance. In the absence of this, it is likely that road maintenance expenditure would be particularly vulnerable to budget cuts.
This webinar will give you an overview of a framework to help assess the value of maintenance and renewal works, consistent with capital investments.
You’ll learn about the
- cost benefit analysis (CBA) frameworks for different road asset types based on their functional groups: road surface and related assets, bridges and other structures, navigation and guidance related assets
- guidance to road managers and investors on how to assess, measure and report the contribution that network assets make to the performance of the road network.
The CBA frameworks are designed to capture the trade-offs that decisions makers are implicitly making when determining the appropriate level of road maintenance expenditure. That is, maintaining a higher level of service will lead to improved outcomes, such as faster travel speeds and fewer accidents, but will also require additional cost. It follows that the CBA frameworks allow decision makers to understand the potential economic consequences when road maintenance funding is reduced.
Join in a live Q&A with our presenter to have your questions answered.
Presented by Martin Chow
Martin Chow is a Senior Economist at HoustonKemp Economists. Martin has over 10 years of experience providing economic and policy advice, mostly in the transport and energy sector. He has conducted cost benefit analyses for a number of different policy and reform initiatives, including the costs and benefits of heavy vehicle road reform and broader road reform.
No charge but registration is essential.
Can’t make the live session? Register and we’ll send you a link to the recording.
Fuente de la noticia: https://www.onlinepublications.austroads.com.au/items/WEB-R588-18-1