The value of global construction output is expected to reach US$ 17.5 trillion a year by 2030. But as much as US$ 6 trillion could be lost annually by 2030 through corruption, mismanagement and inefficiency.
If large infrastructure projects are designed and implemented without effective anti-corruption controls and assurance, roads can be built to nowhere, buildings and bridges crumble, environments are damaged, and communities can be left divided and displaced. Resources that would otherwise have been spent on public goods are wasted, and white elephant projects remain. In the worst-case scenario, lives are lost due to unsafe construction.
Transparency International Australia is developing a new tool to identify the loopholes that enable corruption to thrive in the infrastructure sector. This tool will help its users – whether they be from government, the private sector or community groups, to identify and assess the corruption risks in infrastructure. This will help them identify where the corruption loopholes are in the process of approving infrastructure projects and focus their energies in closing them.
TI Australia Contact Information
Project Officer, Accountable Infrastructure Program