Public Private Partnerships
For further information
- Phone: +61 7 3224 4772
- info@treasury.qld.gov.au
Treasury is the Government's financial and commercial adviser on Public Private Partnerships project implementation.
The State's Public Private Partnerships Policy - achieving value for money in public infrastructure and service delivery - is a key strategic initiative. It supports the Queensland Government's central economic objective of achieving high and sustainable levels of economic growth and employment by providing efficient and effective services and infrastructure.
The objectives of Public Private Partnerships are to:
- deliver improved services and better value for money through appropriate risk sharing between public and private sector parties,
- encourage private sector innovation,
- optimise asset utilisation, and
- integrate whole-of-life management of public infrastructure.
The Public Private Partnerships Policy applies to public infrastructure projects where the expected capital value will exceed $30 million or the whole-of-life cost of delivering the facility will exceed $50 million.
Public Private Partnerships relate to the delivery of hard and soft infrastructure facilities, such as roads, rail, IT service delivery, brownfield redevelopment of existing facilities and delivery of non-core services including maintenance and security. Providing core public services that involve direct delivery to the public are not included in the policy.
Public Private Partnerships cover a spectrum of project delivery options which apply to projects involving: design, build and operate (DBO); design, build, finance and operate (DBFO); and equity sharing arrangements. The policy also encompasses variations on these concepts, including: build, own, operate (BOO) and build, own, operate, transfer (BOOT).
The policy is underpinned by guidance material which provides a consistent and rigorous assessment of the potential for private sector involvement in major infrastructure projects and related services.
The Value for Money Framework is a key element of the guidance material which provides the basis for implementation of Queensland's Public Private Partnership Policy. It sets out comprehensive procedures for evaluating project delivery options to satisfy specific needs for infrastructure.
Treasury works with the Department of State Development's Infrastructure Partnerships Taskforce and government agencies on public private partnerships. Our role involves representation on project steering committees, assisting in the preparation of project documentation for Government consideration, and assisting in the appointment of and liaison with project financial advisors. When considering potential projects we ensure Government agencies comply with the Public Private Partnership policy, guidance material and the value for money framework to ensure Queenslanders benefit from improved services.
For more information on Public Private Partnerships, visit the Department of Infrastructure and Planning website.
Last reviewed 5 September 2008
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