1. Evaluation Framework Overview (2017 – 2019)
IRP2 - Economic
Evaluation Framework Overview
(2017 – 2019)
April 2018
CRC WSC IRP2 Integrated economic assessment and business case development
Website -

2. CRC Tranche 2
Mid 2016
Early 2018
Early 2017
Late 2017
Early 2018

3. IRP2: Comprehensive economic evaluation framework
Aim
To develop, test and apply a broadly applicable framework for conducting integrated economic assessment to support business case development for investing in water sensitive, liveable and resilient cities
Key deliverables
A Benefit Transfer tool and guideline (WP2)
A Benefit-Cost Analysis tool, framework and guideline (WP3)
Advice on financial regulation framework for selected cases (WP4)
Economic evaluation of Urban Heat Island (UHI) mitigation scenarios (WP6)
Test tools and generate primary information for specific case studies (WP5)

4. Project team – Researchers Steering Committee
UWA
Dr Sayed Iftekhar
Dr James Fogarty
Prof David Pannell
Dr Maksym Polyakov*
Dr Abbie Rogers
Dr Asha Gunawardena
Mrs Tamara Harold
Monash
Prof Nigel Tapper
Stephanie Jacobs /Dr Kerry Nice
Industry
Mr Kym Whiteoak, RMCG
Dr Sara Lloyd, E2Design
Dr Mark Siebentritt, Seed Consulting
UWA
DWER, WA
EMRC, WA
Brisbane City Council, Qld
Alluvium, Qld
Water Sensitive SA
Melbourne Water, Vic
Monash, Vic
GHD, Vic
RMCG, Vic
Northern Beaches Council, NSW
Inner West Council, NSW
RAC, CRC
WSAA

5. IRP2: Work Packages WP1 Stakeholder engagement strategy WP2 WP3 WP4
Review of non-market values & development of Benefits Transfer database,
Tool and guidelines
WP3
Review of current tools for
Benefit Cost analysis  framework and tool for BCA
WP4
Review of finance models and policies for investment in WSC and engagement with regulators
WP5
Application and testing of tools on Case studies
WP1
Stakeholder engagement strategy
WP6
Economic evaluation of measures for urban heat mitigation in greenfield areas

6. WP1: Stakeholder engagement
WP3: Benefit-Cost Analysis
WP1: Stakeholder engagement
Website -

7. WP2: Benefit Transfer Tool

8. WP4: Financial models Process
Review / analyse current financial policies and regulations to identify how benefits and costs are shared
Make recommendations for specific cases
Papers on pricing

9. WP6: Urban Heat Island mitigation
Process
Tranche 1 : cooling of 2°C or more is possible at street level - this MUST translate into an economic benefit
Tranche 2: UHI mitigation modelling (TARGET and SURFEX) in greenfield
Determine economic value of UHI mitigation scenarios

10. WP5: Case studies

11. WP5: Case studies WP5.1: Greening the Pipeline, Melbourne
WP5.2: Subiaco Wastewater Precinct, Perth
WP5.3: Residential development with WSUD, Perth
WP5.4: Urban renewal with flood management context, Melbourne
WP5.5: In-fill development, Adelaide

12. Further Information For further details, please check the website
The website is regularly with outputs, events and progress reports.