Valuation report disclosures require comprehensive project level methodology, assumptions, market analysis and an independent valuer declaration. Full valuation reports for infrastructure investment trusts must disclose the valuer's identity and registration, valuation basis and methodologies with assumptions and justifications, valuation standards, extent and sources of investigations, market structure and sector information, and, for each project, detailed project level disclosures including related party status, use, interest held, inspection and valuation dates, photographic evidence, detailed calculations, prior valuations, statutory approvals and clearances, asset statements, repair estimates, revenue pendencies, material litigations and hazard vulnerabilities. The valuer must declare competence, independence, and adherence to prescribed valuation standards, and state assumed factors used in valuation calculations.