Public Investment Programme: How to monitor costs for construction and maintenance of projects

A register that will monitor the implementation of public works from their point of view is created by the new Law on Public Works (ICP). As provided for in the bill submitted to the Parliament, within the framework of the new Developmental PIC, the Register of Recording and Monitoring Costs of Maintenance and Operation of Public Works is set up over a decade. The objective is to ensure economic viability for the entities which undertake to implement or operate public projects involving infrastructure investments. Thus, since the decision to integrate an infrastructure project into the AACC as well as its completion operation, they will set a period of tens of years: the estimated cost of maintenance of the project, its principal project, the body responsible for maintenance, the maintenance budget per year, and the source of funding. All of the above data will be checked and monitored by the HYMIC through that Register. At the same time, on an annual basis, the implementation path of the ADE will be monitored by the Directorate-General for Public Investment (GDR). In accordance with the law, DGT will closely monitor the development of operations that have been described as strategic or emblematic, their financial progress and ensure their smooth financing. Each quarter, DGT shall transmit to the AUTH responsible Minister for aggregated figures on the implementation of the AUTO budget by funding body and revenue and expenditure programme. The figures shall be made public within 10 working days of the end of each quarter through the Ministry of Finance website. It is noted that in order to monitor the implementation of the AIA, DGD may request progress reports on projects by funding agencies, expenditure forecasts and other data, in addition to those held in the e-AD.