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dc.contributor.authorRegan, M.
dc.contributor.authorSmith, J.
dc.contributor.authorLove, Peter
dc.contributor.editorRICS
dc.date.accessioned2017-01-30T14:56:33Z
dc.date.available2017-01-30T14:56:33Z
dc.date.created2014-10-28T02:23:18Z
dc.date.issued2009
dc.identifier.citationRegan, M. and Smith, J. and Love, P. 2009. Public Private Partnership: What does the future hold?, in RICS (ed), The Construction and Building Research Conference of the RICS, Sep 10-11 2009, pp. 462-474. Cape Town, South Africa: RICS.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/41940
dc.description.abstract

Internationally, Public and private Pa11nerships (PPPs) are being used across a wide variety of economic and social infrastructure projects in more than 85 countries. PPPs are a procurement methodology that brings a rigorous risk-weighted approach to major projects using a competitive bid process and private sector expertise and innovation. PPPs are achieving a number of significant improvements in major project procurement and improved public service delivery. This paper considers the prospects of PPPs from the perspective of government clients and their promoters of PPPs and whether current volatility and uncertainty in the capital markets in Australia will affect the feasibility of privately financed infrastructure, and specifically, the PPP method of procurement. A survey of financial advisers and lenders indicates that present market conditions will be placing PPPs under pressure. Future PPPs will be subject to new disciplines - lower leverage, higher reserves, stronger underlying credit credentials, higher debt service coverage criteria and higher cost debt. This will affect both bid depth and state/government risk allocation with lenders expected to take a tougher approach to the support of delivery and operational risks. This suggests some impact on the value for money outcomes for the PPP model in the short-term.

dc.publisherRICS
dc.titlePublic Private Partnership: What does the future hold?
dc.typeConference Paper
dcterms.source.startPage462
dcterms.source.endPage474
dcterms.source.titleCOBRA 2009
dcterms.source.seriesCOBRA 2009
dcterms.source.isbn9781-84219-519-2
dcterms.source.conferenceThe Construction and Building Research Conference of the RICS
dcterms.source.conference-start-dateSep 10 2009
dcterms.source.conferencelocationCape Town, South Africa
dcterms.source.placeLondon UK
curtin.departmentSchool of Built Environment
curtin.accessStatusFulltext not available


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