Overview
The G20 Leaders stressed the importance of quality infrastructure investment to deliver high-quality infrastructure projects at the Hangzhou Summit in September 2016, where it was defined as investment:
“which aims to ensure economic efficiency in view of life-cycle cost, safety, resilience against natural disaster, job creation, capacity building, and transfer of expertise and know-how on mutually agreed terms and conditions, while addressing social and environmental impacts and aligning with economic and development strategies”.
Quality infrastructure has also been a G20 focus under the Japanese Presidency in 2019, resulting in the endorsement of the G20 Principles of Quality Infrastructure Investment.
The aim of this reference guide is to help governments and public sector asset managers to operationalise the dimensions of the quality infrastructure investment definition so that these are realised at the project level, through the consideration of how quality infrastructure objectives are incorporated in the output specifications of long-term infrastructure contracts.
