Covid-19 Recovery: Stimulus Beyond Job Creation

Governments are responding to the pressing needs caused by COVID-19 and have funded extra economic stimulus projects.

Future work-programs can be used as the basis for stimulus programs – good projects before the pandemic will still likely be high-priority projects afterwards. However, short-term infrastructure pressures may justify interim, light-touch, accelerated or proactive investment.

 

Addressing those immediate and short-term pressures is a priority, but decision makers still need confidence that the chosen projects generate the best possible community outcomes in terms of the numbers of jobs created, value for money and long-term legacy. The projects that are fastest to deliver, will not always create the best stimulus.

 

Focusing on quickly selecting and mobilising projects often limits the time needed to assess costs and benefits or develop a business case. An expedited approach that applies a prioritisation tool can help identify projects for fast delivery that also maximise value and benefits.

 

In response, we have released two tools to help clients develop justifiable, optimised work programs. To find out more about how WSP’s Prioritisation Tool and Customer Connectivity Tool can be used to inform investment decisions across a range of infrastructure portfolios in your state, download the appropriate paper below:

Download the Paper Now

Key Takeaways

  • Stimulus packages should reflect emerging challenges.
  • Leveraging available data gives decision makers confidence that packages will leave a positive legacy.
  • WSP's tools for appraising and prioritising investment can be applied to a range of portfolios.
  • Using graphical tools to understand customer needs supports strong projects.
  • Focussing on smaller projects within big packages will generate more jobs and local community benefits.
  • Projects selected for stimulus funding should have clear benefits to the community beyond direct job creation.

 

For more information, contact Amy Naulls, Principal Economist or Pete Davis, Transport Planner.

 

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