The impacts of COVID-19 might be causing governments to cut on infrastructure spending. Ross Waugh explains the implications on levels of service and risks if costs are minimized significantly.
Here’s another short video blog on the impacts of COVID-19 and infrastructure asset management by Ross Waugh.
There’s a lot of pressure on the dollars as a lot of economies are trying to recover from the impact of the COVID-19 community lockdowns that governments have implemented.
While some countries are still at a peak in the pandemic, some states are emerging from it. New Zealand has had a success with being COVID-19 free in the last 20 days.
Countries that are trying to revive their economy will tend to cut down expenditures, affecting maintenance and operation budgets of infrastructure.
Watch Ross Waugh explain the Levels of Service-Cost-Risk Diagram, mentioning the importance of creating a range of scenarios that would provide input for decision-makers to consider.
CLICK on the play button to watch the video blog!