Project preparation is a critical enabler of infrastructure development and has been identified as a key pillar in the G20’s strategic roadmap to develop infrastructure as an asset class.
The reference tool will be a useful aid for policy-makers and practitioners in their quest to improve project preparation practices and their capacity for preparing quality infrastructure projects, building upon the G20 Principles for the Infrastructure Project Preparation Phase.
The tool seeks to help address challenges faced by governments in early-stage project preparation through providing guidance in the areas outlined below.
Tackling the large global infrastructure gap remains a priority for governments to drive inclusive growth and reduce poverty. “Improving project preparation” has been identified by the G20 Infrastructure Working Group has one of the key elements required to tackle this infrastructure gap, and the Global Infrastructure Hub has led the development of this reference tool (in partnership with our consultant, CRISIL Risk and Infrastructure Solutions Limited) to support the operationalisation of this crucial element.
This reference tool is intended to provide guidance on early-stage activities within the infrastructure project development cycle, and the enablers required to create a conducive environment to prepare sustainable, bankable and procurement-ready infrastructure projects.
Illustrated by country examples, it reinforces conceptual aspects and approaches covering the formulation of infrastructure plans, project pipeline creation, feasibility evaluation, project reviews and approvals, project marketing and stakeholder communication.
A country-lens approach, involving a review and profiling of project preparation processes in 15 countries, was adopted to identify and incorporate leading practices and lessons learned. These case studies were selected from economically and geographically diverse countries which illustrate elements of leading practices and lessons learned on project preparation processes globally.