Video 11 – Summary
In this video (11th of 11 videos), Ross sums up the subtopics he covered in the paper he presented during the 2013 Ingenium Conference.
Giving a recap of the topics presented in the previous 10 videos, Ross also mentioned the infrastructure management constraints that local council and the government are facing currently and in years to come.
Ross provides brief statements on the following infrastructure asset management topics:
- New Zealand is doing well in international terms
- There are multiple fiscal and demographic challenges
- Using Other People’s Money issues – slicing the fiscal pie
- Other sectors want the money you get now
- Councils sources of revenue constrained for the next 10 years +
- Most growth will be in the 65+ population
- This will lead to multiple urban network and space changes
- Funding for capital and maintenance will be constrained
- Transportation – more hierarchy differentiation, specified service levels?
- Major expressways still to be built – capex, maintenance cost
- More need for modeling of effects in dTIMS, RAMM, similar models
- Utilities – the major renewal peak is in the next 20-30 year period
- Parks, Property and Community Assets – more and higher demand during a period of fiscal constraint
- More need for expenditure optimisation
- There is going to be less money!
- What money you do get will require stronger business cases – better modeling, better optimization
- We are going to need to resolve the budget, service level, risk triangle
- Major urban form changes are likely in the next 20-30 years (this coincides with asset lifecycles) – where, what, what impact in your urban areas?
- Urban form changes will require different / new assets
- Some rural towns will run down to nothing! (demographics take care of this)
- Please make sure you are building the right assets in the right place, in the right form (we don’t have the fiscal space to waste money)
Towards the end, Ross assured that it’s pretty good in this country, citing enviable lifestyle and rated as one of the top 10 countries in the world.
Watch the “Infrastructure Management Forecasting the Changes to 2030 Summary” video now and please have the document below handy as your reference.