Infrastructure Management Forecasting the Changes to 2030 Summary (Video)

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.

Ross recaps the topics presented in the previous ten videos and mentions the infrastructure management constraints that the local council and the government are facing currently and in the 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
• Council sources of revenue are 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
• There is more need for modeling of effects in dTIMS, RAMM, and 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
• There is more need for expenditure optimization
• There is going to be less money!
• What money you do get will require stronger business cases – better modeling and 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 an enviable lifestyle and rated as one of the top 10 countries in the world.

Please watch the “Infrastructure Management Forecasting the Changes to 2030 Summary“ video now and keep the document below handy for reference.

Watch the video series on our YouTube channel