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This report is based on a collaboration between the International Council for Research and Innovation in Building and Construction, The Academy of the Social Sciences in Australia, UTS School of Built Environment in the Faculty of Design Architecture and Building and the UTS Business School.
The organising team: Dr Daphne Freeder, Dr Marco Berti, Professor Stewart Clegg, Dr Yongjian Ke, Dr Samuel MacAulay, Professor Martin Locke, Associate Dean Vince Mangioni,
Professor Shankar Sankaran.
Thank you too to the participants from Anna Chau Enterprises, ASSA, Capella Capital, Infralegal, Infrastructure Finance Australia, Julie-Anne Mizzi, Malpine, MOTTMAC, NSW Treasury, Ontoit, Plenary, Tracey Brunstrom and Hammond (TBH), WSP Australia, Ventia and University of Sydney.
With the benefit of multiple decades of experience in Public-Private Partnerships (PPP), it is a perfect time to consider how governments can leverage private finance to realise the opportunities that exist. Although private financing is not a panacea for insufficient government funding capacity, when properly utilised, it can be a highly successful and efficient procurement tool for delivering value to multiple stakeholders. The event brought together key players with real-life practical experience in delivering PPPs from public and private sector perspectives.
The symposium sought to identify specific implementation issues that potentially impact PPPs and the ability of governments to leverage private finance in the post-COVID economy, consider solutions and develop courses of action for future acceleration in the use of PPPs. The issues explored included existing constraints against the selection of PPPs, the flexibility of the PPP model to respond dynamically to changing requirements of governments and the capacity to be administered simply.
The symposium also surveyed the alignment between PPPs and the need to embed broad social outcomes, build community trust, demonstrate transparency and deliver quality to communities that extends beyond a project’s financial targets. In addition, the participants considered the need to develop a more sophisticated model of risk allocation.
The scope for developing a pipeline of investable PPP projects supported by investment capital from superannuation funds without compromising the need for robust business cases was also explored.
refer to the attachment.