Why is governance key to infrastructure investment and delivery?
Infrastructure has the potential to generate long-term benefits to society in terms of inclusive economic growth and improvements to wellbeing; it contributes to key policy priorities such as supporting the low-carbon transition, protecting biodiversity, making societies more resilient, tackling social and gender inequalities, addressing disparities across regions and cities and promoting sustainable development.
Yet, infrastructure investment is complex, and getting from conception to construction and operation is a long road fraught with obstacles and pitfalls. Poor governance is a major reason that infrastructure projects often fail to meet their timeframe, budget, and service delivery objectives. The goal of the OECD Recommendation on the Governance of Infrastructure is to address challenges and opportunities related to infrastructure investment and delivery from a multi-dimensional perspective, providing tools to strengthen policies and processes across the entire life cycle of public infrastructure.