The 2020 edition of the Forum highlighted some of the most effective governance practices to maximise the impact of infrastructure on societies and economies and address the lasting consequences of the coronavirus crisis. The OECD also presented the new Recommendation on the Governance of Infrastructure, and discussed its implementation as an instrument to adapt infrastructure responses to countries’ evolving priorities. During the Forum participants looked at some specific recommendations and discussed how they can contribute to the achievement of government policy objectives such as resilience, sustainability, private sector participation and multilevel governance.
OECD Recommendation on the Governance of Infrastructure
The Recommendation on the Governance of Infrastructure, adopted by the OECD Council in July 2020, provides countries with practical guidance for efficient, transparent and responsive decision-making processes in infrastructure investment. It supports a whole-of-government approach and covers the entire life cycle of infrastructure projects, putting special emphasis on regional, social, gender, and environmental considerations.
10 Recommendations (Download here)
Develop a long term strategic vision for infrastructure
Guard fiscal sustainability, affordability and value for money
Ensure efficient procurement of infrastructure projects
Ensure transparent, systematic and effective stakeholder participation
Co-ordinate infrastructure policy across levels of government
Promote a coherent, predictable and efficient regulatory framework
Implement a whole of government approach to manage threats to integrity
Promote evidence informed decision making
Make sure the asset performs throughout its life
Strengthen critical infrastructure resilience