Explains who an agency should engage with if considering an infrastructure procurement.
- Agencies considering the procurement of infrastructure with a (total cost of ownership of more than $50 million) must:
- consult with Treasury’s Interim Infrastructure Transactions Unit (ITU) (or any new entity established to take over the functions of that Unit) early in the development of the project’s business case
- follow relevant published ITU guidance
- involve the ITU in the assessment of the project’s business case and advice to Ministers
- invite the ITU to participate in relevant project steering and working groups, and in the selection panels for all key advisor appointments in relation to the project, and
- use any standard form documentation developed by the ITU as the basis for any infrastructure contract, and consult with the ITU over any material proposed modifications.
‘Infrastructure’ means fixed, long-lived structures that facilitate economic performance and well-being. Infrastructure includes buildings and physical networks, principally: transport, water, social assets and digital infrastructure such as mobile and broadband infrastructure, however funded.