CoST, the Infrastructure Transparency Initiative (CoST) is one of the leading global non-profits improving transparency, participation and accountability in infrastructure to deliver quality infrastructure that improves lives and strengthens economies. 

Corruption, mismanagement and inefficiency in infrastructure comes at a huge price to government, private sector and citizens and harms the environment, jobs and lives. Huge investment is needed in the infrastructure sector around the world to ensure quality structures can be built to serve communities. These structures – such as roads, schools, hospitals and climate-resilient infrastructure – are essential services. 

There is an average global efficiency gap of approximately 30% between the money that is spent and the coverage and quality of the resulting infrastructure, according to the IMF. Trillions will continue to be lost annually to corruption, mismanagement and inefficiency unless there is greater transparency, accountability and participation in infrastructure. 

This means people can access essential services, including jobs, healthcare, housing and education, and helps to enhance social inclusion and climate resilience. Governments see better value in public budgets, businesses enjoy a level playing field and improved performance in the sector and there are more opportunities for national and international investment.