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.
The CoST pilot phase cost about £3.4 million to implement. This budget funded all the CoST activities in the seven pilot countries, as well as the policy direction by the CoST International Advisory Group (IAG) and the assistance and coordination provided by the International Secretariat (IS). This briefing note provides information on the breakdown of this spending, with a view to informing future CoST budgets.
This is the eighth in a series of briefing notes on CoST, its core features and impact.