Title

Infrastructure procurement: Learning from private - public partnership experiences 'down under'

Date of this Version

1-1-2011

Document Type

Journal Article

Publication Details

Citation only.

Regan, M., Smith, J., & Love, P. (2011). Infrastructure procurement: Learning from private - public partnership experiences 'down under'. Environment and planning C: Government and policy, 29(2), 363-378.

Access the Journal's home page.

2011 HERDC submission. FoR Code: 120201

© Copyright Pion Ltd and its Licensors, 2011

ISSN

0263-774X

Abstract

The public - private partnership (PPP) market in Australia is considered to be sophisticated and mature. Yet there have been several major failures that have occurred with economic infrastruc ture projects. Building on the experiences of Australia, we examine the underlying concepts of PPPs and the pertinent issues that have arisen during the procurement of infrastructure projects. Lessons learnt from implementing PPPs with respect to risk allocation, certainty, incentives, intergenerational equity and fiscal sustainability, and the cost of capital are identified and discussed. We conclude by suggesting that future research should focus on examining how PPP delivery can be improved rather than on determining their usage within the marketplace.

This document is currently not available here.

Share

COinS

This document has been peer reviewed.