aviation & surface transport
Covec works for government agencies, airlines, surface transport and port companies. It undertakes price analysis, appraisal of transport infrastructure, volume forecasts, fuel demand analysis and analysis of government policy.
Air passenger forecasts for NZ Customs
The development of a 10 year passenger forecast for Auckland International Airport to help determine NZ Customs’ future infrastructure and human resource needs.
Analysis of measures to improve oil security
A series of studies to assist in the development of oil security policy: (1) a cost benefit analysis of increasing levels of oil storage consistent with IEA requirements, (2) analysis of options for rapid demand restraint in the event of a supply emergency and (3) the design of a fuel rationing system.
Analysis of proposed Air New Zealand - Virgin Alliance
Covec undertook a quantitative competition and welfare analysis of the proposed trans-Tasman alliance between Air New Zealand and Virgin.
Analysis of the cruise ship industry
Covec has provided advice to several public sector agencies on the costs and benefits of developing a new cruise ship terminal in Auckland. During the course of these projects we have examined the economic benefits of the cruise ship industry, analysed detailed ship and passenger movement data and assessed a range of design and location options for a dedicated cruise ship terminal in Auckland.
Assessing the Economic Impact of the Ports of Auckland
Assessed the regional economic impacts of Ports of Auckland.
Auckland passenger forecasts
The development of a 25 year passenger forecast for Auckland International Airport to support a potential acquisition by an investment bank.
Cost allocation dispute over Auckland's northern busway
Expert testimony on the appropriate allocation of North Shore City's share of Northern Busway costs as between existing and future residents.
Design of fuel rationing system
Design of a fuel rationing system to be used in an oil or petroleum fuel supply emergency.
Economic impact of Gold Coast Airport
The purpose of this research was to establish the contribution Gold Coast Airport makes to Gross State Product (GSP) in Queensland and New South Wales. The economic footprint of the airport was estimated based on a financial survey of more than 50 businesses operating within the airport precinct. State-level multipliers were used to assess the indirect & induced impacts.
Gold Coast & Townsville Passenger Forecasts
The development of 10 year passenger forecasts for Gold Coast Airport and Townsville Airport to support a debt refinancing process.
Merger analysis in the waste industry
Detailed empirical modelling of the cost and demand for different forms of waste collection in cities of varying sizes, including modelling economies of route density.
Passenger forecasts for Cairns & Mackay Airport
Covec was commissioned by a consortium of investment banks to generate annual passenger forecasts to 2030 to support the purchase of Cairns & Mackay Airports in Northern Queensland. The forecasts were the main drivers of the valuation models used by the banks. We have updated the forecasts several times since then to support various processes, including the partial sale of Cairns Airport to Auckland Airport in 2010 and a substantial debt refinancing process in 2011.
Rail infrastructure investment appraisal
Development of a set of spreadsheet-based models to estimate the public (externality) benefits of rail infrastructure investment.
Socio-economic analysis of vehicle emissions policy
A social and economic analysis of a proposed system of emissions testing and emissions standards for vehicles.
The impact of the price of oil on inbound tourism
This was a three-year research project delivered in partnership with Lincoln University and Landcare Research. The main objective of the project was to assess the sensitivity of the inbound tourism market to the price of oil. The outputs from the project included several published articles and a range of working papers, as well as an online oil price risk assessment tool for New Zealand tourism businesses.
Tourism and Aviation: Critical Linkages
Jointly with the University of Otago, Covec undertook detailed research into the economic drivers of the New Zealand aviation sector and the implications for tourism.