A building expert says people tend to focus on the cost of building infrastructure and think they'll figure everything else out as they go along.
The Infrastructure Commission says we need to spend around 60% of our investment to look after what we already have, rather than building more.
AUT Professor of Construction Management John Tookey told Mike Hosking that people often focus on acquisition costs, rather than maintenance costs because it's easy.
He says that's because the sums get more complicated when you start considering the likes of depreciation and more over an extended period of time.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
The Clay Travis and Buck Sexton Show
The Clay Travis and Buck Sexton Show. Clay Travis and Buck Sexton tackle the biggest stories in news, politics and current events with intelligence and humor. From the border crisis, to the madness of cancel culture and far-left missteps, Clay and Buck guide listeners through the latest headlines and hot topics with fun and entertaining conversations and opinions.