CoST- The Infrastructure Transparency Initiative is a multinational effort to explore how public construction projects could be made more transparent and accountable, reducing the mismanagement, waste, and corruption that are common in the sector. Governments, affected stakeholders, and the wider public all stand to benefit.
CoST- The Infrastructure Transparency Initiativeseeks to improve transparency and accountability in publicly financed construction projects by disclosing material project information (MPI) into the public domain in an accessible and understandable way. CoST has been piloted in seven countries. In each, the procuring entities that participated in the pilot were required to disclose MPI on a selection of projects, and the multistakeholder group that managed the pilot appointed an assurance team to analyse and verify the MPI and interpret it for the public
This is the third in a series of briefing notes on CoST, its core features and impact.