Economic Network Plan Prioritising Investment
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The document summarizes a 2013 forum on road asset and information management. It discusses using an economic network plan to prioritize transportation investment. The plan leverages existing geographic information system and economic data to create visual maps modeling strategy validation and outcomes. The economic network plan provides transparent prioritization of investment levels based on features like utilizing existing information, creating visual maps, and evaluating economic and transportation outcomes.
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Economic Network Plan Prioritising Investment
- 1. 2013 Road Asset & Information Management Forum Wednesday 20 March 2013 Amora Hotel, Wellington Economic Network Plan: Prioritising Investment
- 2. Acknowledgements Position Role J Bourque (SDC) Strategic Transport Economic / network Manager, Asset / Services strategy, programme owner M Day (SDC) Team Leader, GIS Technology application W Heerdegen (NZTA, ex-SDC) Senior Planner (Economist) Economic data & market analysis A Maughan (MWH) Senior Consultant Programme manager and analyst J Laskewitz (MWH) Client Manager- Engineer’s Implementation of network Representative programme P Hill (MWH) Transportation Engineer Asset data J McGrath (MWH) Transportation Engineer Validation
- 3. Why ?
- 4. How? Asset Information GIS network, Strategy Implementation Outcomes modelling validation Economic Outcomes Data
- 5. Features and benefits • Uses existing information • Visual maps • Economic outcomes • Investment levels • Transparent prioritisation
- 6. Southland
Editor's Notes
- The approach presented has been developed collaboratively using a team across Southland District Council and MWH and sponsored by senior management at Council and NZTA. While the approach has been discussed with, and presented at a high level to, Councillors, it is a work in progress and has not been adopted at this stage by the council executive or elected members.
- From daunting to achievableFinancially possible, financially sustainable
- Quantifies economic contribution of a road associated with adjacent land useQuantifies proportion of current total investment in the road that provides for the economic activity, and therefore can quantify what proportion is mainly an investment in social, cultural and environmental well beingsCan be used in a variety of ways to make investment prioritisation and decision making more transparentEnables alignment of shorter term tactical responses with longer term strategies (primarily related to economic outcomes)
- The approach identifies valid opportunities to investigate changes to levels of service investment on a predominantly rural and low volume road network, ensuring you don’t impact adversely on economic activity.Future land use scenarios and funding scenarios are readily combined in the methodology, and effective responses are clear regarding their impacts on the four well-beings.Opportunity to change standards over the longer term appears to be significantly greater than the opportunity to (for example) reduce maintenance investment in the short term.Opportunities to change social, cultural and environmental investment need risk based prioritisation and consultation with affected parties.Method gives transparency and makes consultation processes related to service level change more tangible.