New guidelines to drive greater transparency and accountability in infrastructure decision-making and reduce instances of major projects receiving funding before appropriate planning and assessment have been released today by Infrastructure Australia, the nation's independent infrastructure advisor.

Developed by Infrastructure Australia out of a recommendation in the 2016 Australian Infrastructure Plan, the Infrastructure Decision-making Principles are designed to ensure major public infrastructure investments deliver the best outcomes for the community and the best value for taxpayers.

While the Infrastructure Priority List has helped create a credible pipeline of future infrastructure investments, too often there is still instances of projects being committed to before a business case has been prepared, a full set of options have been considered, and rigorous analysis of a potential project's benefits and costs has been undertaken