CoST – the Infrastructure Transparency Initiative

CoST – the Infrastructure Transparency Initiative

Mission

Drive reforms to reduce mismanagement, inefficiency, corruption, and risks in infrastructure projects

Goals

CoST – the Infrastructure Transparency Initiative is a country-centred multi-stakeholder initiative designed to promote transparency and accountability in publicly financed construction. Its main objectives are to:

  • Improve the value for money spent on public infrastructure construction;
  • Achieve the delivery of high-quality infrastructure projects at lower costs;
  • Enhance the utilisation of funds in public construction to produce better and more reliable infrastructure;
  • Generate savings to extend social and economic services;
  • Raise investor confidence.

Stakeholders

CoST works with government, industry and civil society to promote the disclosure, validation and interpretation of data from infrastructure projects, to inform and empower citizens to hold decision-makers accountable.

This information is gathered from open-source data and in some cases has been provided by initiative facilitators. We cannot guarantee the accuracy or completeness of the information and do not take responsibility for decisions made on the basis of it. Please inform us of any errors by emailing us.

Start Year

Status

  • active
    The initiative or project is currently being worked on.

Countries Operations

    Countries Host

    Scope

    • global
      Initiative that is explicitly global in focus and mandate - i.e. not pertaining to specific countries.

    Industry

    Stakeholders

    • Private sector
      Privately owned commercial (for-profit) entities of all sizes, including SMEs
    • Public sector
      National and sub-national, local government entities, agencies from all branches (policy-making, executive, adjudication)
    • Civil society
      non-governmental organisations (national or international), foundations funded by private entities, faith-based organisations, Professional associations, Industry associations, Chambers of Commerce, Local Global Compact Networks

    Type

    • Engagement-focused initiative
      Joint declarations of intent, Joint capacity and learning initiatives, Industry-specific working groups, Joint events/awareness raising, Joint activities and integrity tools

    Linked resources

    Tags

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