A new reporting protocol to improve transparency and efficiency and drive out corruption across publically funded projects around the world is being launched on Monday (20 October) in London.
The Construction Sector Transparency Initiative (CoST) is funded by the World Bank, the Department for International Development and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), and 17 other organisations across the public, private and civil society sectors have pledged their support for the programme, including eight governments and ONE, the poverty charity backed by U2 frontman Bono. CoST is working in partnership with the Institution of Civil Engineers (ICE) on the launch. The launch comes after three-year trial on projects around the globe, including roads, healthcare and education schemes in the UK. It is understood the government is committed to implementing it.
Speakers at the launch next week include Paul Kett, director, Justice Reform, Ministry of Justice and co-chair of the G20 Anti-Corruption Working Group, and Geoff French – president of the International Federation of Consulting Engineers (FIDIC) and vice-president of the Institution of Civil Engineers.
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