This paper notes the maturation of the PPP market in Australia, in particular for social infrastructure; with many PPP deals now well into the operating phase. An emerging issue, consistent with the new focus on the operating phase, is the need to make PPP agreements, responsive to the inevitable State-initiated changes over the concession period. State-initiated changes are a fact of life in social infrastructure, driven by legislative and social policy imperatives of incumbent Governments. Consequential impacts on facilities are reflected in building capacity increases, upgraded technology systems and modified programmatic spaces. The great partnering challenge in PPP delivery is that the parties respond flexibly and positively to the necessary changes to the operating environments in these facilities. This paper outlines some of the innovative PPP arrangements which have evolved to provide the means to achieve this.
"Keeping public private partnerships responsive to change,"
Public Infrastructure Bulletin:
6, Article 7.
Available at: http://epublications.bond.edu.au/pib/vol1/iss6/7