The NSW Government has agreed to establish the Infrastructure Investor Assurance Framework (IIAF) to better apply the level of external independent assurance through the NSW Gateway Review System based on risk. This document outlines the IIAF, a Gateway Coordination Agency (GCA) framework for capital projects as an element of NSW Gateway Policy. The IIAF is structured in two parts:
• Framework principles; and
• Framework arrangements.
The objective of the IIAF is to ensure the Government's key infrastructure projects across NSW are delivered on time and on budget through the implementation of this risk-based external assurance Framework. The purpose of the IIAF is also to ensure that Cabinet and the Minister for Infrastructure are supported by effective tools to monitor the NSW Government's infrastructure program, receive early warning of any emerging issues, and to act ahead of time to prevent projects from failing.