24 July 2018
New guidelines to drive greater transparency and accountability in infrastructure decision-making and reduce instances of major projects receiving funding before appropriate planning and assessment have been released today by Infrastructure Australia, the nation’s independent infrastructure advisor.
Developed by Infrastructure Australia out of a recommendation in the 2016 Australian Infrastructure Plan, the Infrastructure Decision-making Principles are designed to ensure major public infrastructure investments deliver the best outcomes for the community and the best value for taxpayers.
“The Australian Infrastructure Plan acknowledged that Australia’s governments and the community would benefit from a set of clear principles to provide a benchmark for high-quality infrastructure decision making,” said Infrastructure Australia Chief Executive, Philip Davies.
“While the Infrastructure Priority List has helped create a credible pipeline of future infrastructure investments, too often we are still seeing instances of projects being committed to before a business case has been prepared, a full set of options have been considered, and rigorous analysis of a potential project’s benefits and costs has been undertaken.