An 8 month ‘Bridging Phase’ was recently approved by the Vietnamese Prime Minister, Nguyễn Tấn Dũng and endorsed by the Ministry of Construction. Funded by DFID Vietnam, the Bridging Phase will test the modified CoST procedures included in the CoST Global Programme to be launched later this year. The modifications based on lessons learnt from
The UK Government has committed to considering the options for embedding the use of CoST or similar means of reporting on outturn performance, for publication on clients’ websites and/or a CoST portal by autumn 2013. In its first Infrastructure Cost Review annual report the Government stated that it will work with industry in considering the
The CoST Interim Board will meet in May to finalise the design of the CoST global programme. The design draws on lessons from the three year pilot project and the experiences of eight national CoST programmes. Commenting on the design, Director of the CoST International Secretariat Petter Matthews explained: “the global programme draws two important
CoST was recently invited to participate in a roundtable meeting on ‘Strategic Infrastructure: African Context’ in Addis Ababa. The meeting considered project preparation processes, local industry development and innovative public private partnership models. Also involved in the discussions were Dr Shamsuddeen Usman, Minister of Economic Planning of Nigeria and Pedro Rodrigues de Almeida, Head of
In April CoST Chairman Christiaan Poortman presented CoST to a High Level Dialogue on Anti-Corruption, Transparency and Business Leadership, that formed part of the G20 Trade Ministers Meeting in Puerto Vallarta, Mexico. The meeting was attended by senior political figures and global industry leaders. Mr Poortman drew on the experience of the CoST pilot project
Twenty five participants recently shared experiences, lessons and ideas on establishing and implementing the new CoST programme at the first CoST International Workshop. Held in the run-up to the Africa Launch of the CoST International Programme in Johannesburg, Republic of South Africa, the workshop provided representatives from four countries interested in joining CoST (Botswana, Mexico,