What makes an infrastructure?
Under the TICCS® framework, a number of fundamental economic criteria have to be present for a company and its assets to be meaningfully considered 'infrastructure':
- Single-use investment (no alternative use)
- Sunk or irreversible capital investment
- Large size & long repayment period
- Inflexible total cost structure
- Infrastructure as a service (value through service provision)
- Not a store of value (it's valuable because it's useful)
TICCS® is the industry standard for infrastructure investment classification and benchmarking
How do investors in infrastructure use TICCS?
Survey of 100+ users (August 2022)The TICCS Review Committee
Independent & Representative

Andrew Knight, Ph.D
TICCS Review Committee Chairman
Avi Turetski. Ph.D.
TICCS Review Committee Secretary- Andrew Knight (RICS)
- Avi Turetsky (Ares)
- Mark Blair (OTTP)
- Tony Li (OTTP)
- Serge Lauper (BlackRock)
- Anne-Christine Champion (Natixis)
- James Davis (OPTrust)
- Christophe Dossarp (SOURCE)
- Marie Lam-Frendo (Global Infrastructure Hub)
- Trevor Lewis (ADB)
- Christoph Manser (Swiss Life)
- Laurence Monnier
- Petya Nikolova (New York City Comptroller’s Office)
- Paul Shantic (CALSTRS)
- Marija Simpraga (LGIM)
- Nicholas Tan (Clifford Capital)
- Joss Blamire (GRESB)
- Fraser Hughes (GLIO)
The Four TICCS® PIllars
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