Ensure a focus on the performance of the asset throughout its lifespan by putting in place monitoring systems and institutions.

WHY IS IT IMPORTANT?

• It can be difficult to oversee the performance of infrastructure service delivery thereby maintaining value for money through the performance of the asset.
  
  
• The establishment of a regulator strengthens the public interest, makes service providers more accountable, and enables an independent price-setting process;
  
  
• Some have responded by enhancing the skills of sectoral units and regulators and streamlining the role and availability of specialised advisers;
  
  
• Others have set up dedicated units, especially in the field of PPPs, which are contract based, but increasingly with a broader remit of infrastructure in general.
  
  
• Central agencies such as the Central Budget Authority, Supreme Audit Institution and regulatory authorities should play their part and retain the appropriate level of responsibility during the operational phase.
  
  
• Special care should also be taken to ensure that value for money is maintained during renegotiation.

KEY POLICY QUESTIONS:

• Is there a strategy for how performance of the asset throughout the life of the asset is to be ensured?
  
  
• Are the line departments, sector regulators or Supreme Audit Institution responsible for monitoring asset performance?
  
  
• Are there programs in place for training and empowering relevant institutions?
  
  
• Do PPP/concession contracts state the required output and performance?

CENTRAL INFRASTRUCTURE BODIES FOCUS ON DEVELOPMENT BUT LESS ON MONITORING AND ASSESSMENT

BENCHMARK INDICATORS

• Policy document for ensuring performance from assets regulated by agency (sector regulator) or by contract with line department or similar;
  
  
• Strategy for re-negotiations;
  
  
• Ex-post evaluation of value for money.

GETTING INFRASTRUCTURE RIGHT

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Overview of current practices in infrastructure governance and practical tools to help manage infrastructure. Getting Infrastructure Right