Infrastructure NSW (INSW) plays a role as the Gateway Coordination Agency for capital infrastructure projects and administers the Infrastructure Investor Assurance Framework (IIAF)1. As part of adhering to the protocols of the IIAF, the Responsible Agency is required to register with INSW all projects valued at an Estimated Total Cost (ETC) greater than $10 million. The IIAF requires projects to be assigned a risk-based project tier with an endorsed Project Assurance Plan.
Procurement complexity, including PPP as a procurement method, is one of the weighted criteria which impacts tier rating.
In certain circumstances, the Premier may authorise INSW (via Projects NSW) to 'step in' to carry out or take over major infrastructure projects2.
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1 Available at https://www.infrastructure.nsw.gov.au/project-assurance/.
2 Part 5 of the Infrastructure NSW Act 2011 (NSW).