The economics of infrastructure will be discussed in a seminar hosted by Andrew Brown and Mary Robertson, from the University’s iBUILD project.
Infrastructure is the system of systems that underpins our social, economic and environmental well-being. As such, it is a key target for public spending. As with any use of public money, this creates the need for tools of valuation and appraisal of infrastructure projects. However, as a complex system of systems, infrastructure possesses a number of characteristics that make valuation and appraisal difficult.
The presentation will discuss these characteristics, and give an account of the emerging approach to economic evaluation in the iBuild project, which seeks to address under-investment in the UK’s ageing infrastructure by developing standard and non-standard theories, methods, and techniques of economic valuation in conjunction with other relevant disciplines.
The free event will be held on Monday, 23 February at 1.30pm in Suite A, Room 1 (G.01) Fairbairn House. Due to limited space it is necessary to reserve a place by contacting Joanne Garrick
It is the first in a series of joint Institute for Transport Studies (ITS) / iBUILD seminars that will bring together expertise across the University and explore how we can develop some of the methods and ideas further. The series follows some joint work between ITS and the iBUILD project to produce a report for Infrastructure UK entitled “Economic evaluation of systems of infrastructure provision: concepts, approaches, methods.”