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Infrastructure Procurement: Learning from Private–Public Partnership Experiences ‘Down Under’

Author

Listed:
  • Michael Regan
  • Jim Smith
  • Peter Love

    (School of Built Environment, Curtin University, GPO Box 1987, Perth, WA 6845, Australia)

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 infrastructure 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.

Suggested Citation

  • Michael Regan & Jim Smith & Peter Love, 2011. "Infrastructure Procurement: Learning from Private–Public Partnership Experiences ‘Down Under’," Environment and Planning C, , vol. 29(2), pages 363-378, April.
    • Handle: RePEc:sae:envirc:v:29:y:2011:i:2:p:363-378
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    Cited by:

    1. Fauziah ZEN & Michael REGAN, . "ASEAN Public Private Partnership Guidelines," Books, Economic Research Institute for ASEAN and East Asia (ERIA), number 2014-rpr-01-asean-ppp-gui edited by Fauziah ZEN & Michael REGAN, July.
    2. Robert Osei-Kyei & Albert P. C. Chan & Yao Yu & Chuan Chen & Yongjian Ke & Bashir Tijani, 2019. "Social Responsibility Initiatives for Public-Private Partnership Projects: A Comparative Study between China and Ghana," Sustainability, MDPI, vol. 11(5), pages 1-14, March.
    3. Love, Peter E.D. & Ahiaga-Dagbui, Dominic & Welde, Morten & Odeck, James, 2017. "Light rail transit cost performance: Opportunities for future-proofing," Transportation Research Part A: Policy and Practice, Elsevier, vol. 100(C), pages 27-39.

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