5.3 As set out in Chapter 2, investing public sector equity in future PF2 projects will facilitate the achievement of greater transparency and accountability of project delivery and operation. Through project company board membership at Director level, the public sector will receive financial information related to project performance, in order to make the decisions necessary in this role. Access to this information will help address concerns around a lack of transparency of the financial performance of projects. The Treasury will publish an annual report on the public sector's investments, including the actual and forecast equity returns of individual projects and of the portfolio.
5.4 In addition, the procuring authority, or other local representative, will have observer status at board meetings of the project company, which is also aimed to improve transparency and facilitate the sharing of information and perspectives between the public and private sectors.