Economics in action: how do you prioritise road infrastructure investment?

Prioritising government expenditure across a range of potential projects is an important part of government decision making. In this video, Adrian Kemp, Partner discusses with Martin Chow, Senior Economist a road investment prioritisation framework that we recently developed for Austroads. The framework focuses on the outcomes from a portfolio of projects, rather than considering each project individually. In this way, decision makers can define the outcomes desired by a given portfolio and choose projects that can achieve those combined outcomes at least cost. This ensures that all outcome priorities are achieved.

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