Guard fiscal sustainability, affordability and value for money
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Value for money
Efficient and cost-effective infrastructure is key to achieving many public policy objectives and supporting sustainable economic growth. Fiscal sustainability, affordability and value for money should be at the heart of the infrastructure decision-making process.
Ensuring fiscal sustainability is an integral part of ensuring the success of infrastructure projects. This involves embedding evidence-based project appraisals, implementing an effective prioritisation process and ensuring affordability within public budgets. These methodologies are key to enshrining accountability, clarity and transparency in the decision-making process. They also ensure the overall value for money of infrastructure investments.
Use of a formal process to evaluate value for money in infrastructure projects in OECD countries, 2020
Methodologies used by OECD countries to assess infrastructure projects, 2020