Recent NSW social infrastructure projects have heralded a change in the government’s approach to interest rate risk on social infrastructure projects post financial close. In earlier PPP projects, NSW required the private sector to manage interest rate risk during the term of the project. More recently, the state has been willing to accept some level of interest rate risk where this offers an improved value for money result.
Hayford, Owen and Gratiaen, Julian
"Sharing interest rate risk in social infrastructure projects,"
Public Infrastructure Bulletin: Vol. 1
, Article 3.
Available at: http://epublications.bond.edu.au/pib/vol1/iss6/3