
NSW
Parliamentary Inquiry into Public-Private Partnerships (2006)![]()
Website
The purpose of this inquiry was to assess whether P3s are
being managed efficiently and effectively, not whether or not they should
be used. It compared Australian institutional arrangements with national
and international best practice. The inquiry found that Government guidelines
for P3s were open to interpretation and were not being applied consistently,
that conditions which led to P3 arrangements were seen as less than transparent,
and that there needs to be more of a focus on the ongoing evaluation and
monitoring of projects over their whole life. The inquiry examined ways in
which knowledge sharing about the development and operation of P3s can be
improved, to increase the level of P3 management expertise across the public
sector and thus increase value for money.
Partnerships
Victoria![]()
Website
The Partnerships Victoria policy, introduced in 2000, provides the
framework for a whole-of-government approach to the provision of public infrastructure
and related ancillary services through public-private partnerships. There
are 19 Partnerships Victoria projects in existence worth around $9.5 billion
in capital investment.
Infrastructure
Canada (Building Canada)![]()
Website
Infrastructure Canada was established as a department in August
2002. Since then, the department, among other things, has worked to provide
a focal point for the Government of Canada on infrastructure issues and programs
through the Building Canada plan, a historic $33 billion infrastructure plan.
Under Building Canada, the nation's most important economic and environmental
priorities are being addressed through targeted and based-funding programs.
One of these programs is the $1.25 billion P3 Fund. This fund will support
innovative projects that provide an alternative to traditional government
infrastructure procurement. A new federal P3 office will also be established.
Partnerships
British Columbia![]()
Website
Partnerships British Columbia is a company responsible for bringing
together ministries, agencies and the private sector to develop projects
through public-private partnerships. As a company registered under the Business
Corporations Act, Partnerships BC is wholly owned by the Province of British
Columbia and reports to its shareholder the Minister of Finance.
P3
Council of Canada![]()
Website
The Canadian Council for Public-Private Partnerships was
established in 1993 as a member-sponsored organization with representatives
from both the public and the private sectors. As proponents of the concept
of P3s, the Council conducts research, publishes findings, facilitates forums
for discussion and sponsors an Annual Conference on topics related to P3s,
both domestic and international.
Conference
Board of Canada Steering a Tricky Course: Effective Public-Private Partnerships
for the Provision of Transportation Infrastructure and Services![]()
Website
This study asks the question: what are the factors that make
for successful P3s? To help answer it, the study offers three case studies,
two in Canada and one in the U.K. The Confederation Bridge P3 (linking Prince
Edward Island to New Brunswick) shows that project risks can be successfully
transferred to the private sector and underscores the importance of having
the procurement authority adapt its role to the requirements of a P3. The
London Underground P3s demonstrate the use of innovative output-based performance
measures, but they also show that significant uncertainty about major costs
(such as upgrades to legacy assets) can impair the effectiveness of risk
transfer to the private sector. As well, these P3s suggest that governments
should be cautious about imposing P3 delivery methods on lower levels of
government. Finally, the Montreal metro project, which was not a P3, provides
insights on the importance of thorough project planning and the value of
extensive due diligence.
Guidelines
for Successful Public-Private Partnerships![]()
PDF
This document was designed as a practical tool for P3 practitioners
in the public sector faced with the opportunity of structuring a P3 and of
integrating or "blending" European Communities grant financing
in P3s. The report is to focus on a number of critical issues influencing
the successful integration of public grants, private funds, IFI loans (such
as the EIB or EBRD) and European Commission financing. Reference is made
to a number of analytical techniques which are well known and documented.
These are not presented with the objective of promoting a standard methodology
but rather in an attempt to highlight areas in which particular care and
analysis needs to be observed. The Guidelines are not designed to provide
an exhaustive list of P3 structures nor present any structures as having
the endorsement of the Commission. The Guidelines present five thematic parts
dealing in turn with:
Resource
Book on P3 Case Studies![]()
PDF
The growing interest in the development of P3's was confirmed
by the request, put forward by representatives of Candidate Countries, to
complement the Guidelines with examples of actual projects in order to better
understand the practical implementation issues. Following this request, the
Commission has developed this Resource Book, consisting of a set of case
studies of P3s in both Western and Central Europe and in various sectors
including: Water and Wastewater Management, Solid Waste Management and Transport.
These sectors are representative of those in which the Commission has provided
grant financing. While they are not the only sectors in which P3 principles
are being applied, they do provide a balance between sectors with a considerable
history of P3 application such as transport and those in which it is relatively
new and encountering specific issues.
Private
Finance of Transport Infrastructure Projects Value and Risk Analysis of
a Finnish Shadow Toll Road Project ![]()
![]()
Pekka Leviakangas
PDF
This dissertation investigates the characteristics of a feasible
framework for private finance of road infrastructure projects using one case
project as an aid, which is analyzed in depth. The research makes an effort
to find out whether private finance of road infrastructure projects is able
to bring additional benefits for the state and the project investors and
whether private finance is applicable from their viewpoints.
Private
Finance Initiative: strengthening long-term partnerships ![]()
United Kingdom Treasury
PDF
This publication builds on measures introduced since 2003
that explain the UK's approach to its Private Finance Initiative (PFI) program,
setting out further improvements to PFI to support its ongoing important
role in delivering better public services. The Government sees PFI continuing
to play a small but important role in the overall objective of delivering
modernized public services. It will continue to be used only where it can
demonstrate value for money and is likely to continue to comprise around
10-15 percent of total investment in public services.
Ireland,
Central Public-Private Partnership Unit of the Department of Finance![]()
Website
The Central Public-Private Partnerships Policy Unit in the Department
of Finance was established to provide optimum support for the development
of the P3 process. The key function of this unit is to develop the legislative
framework, technical and policy guidance to support the P3 process and
to disseminate best practice in P3s.
Partnerships
UK![]()
Website
Partnerships UK is a joint venture that acts as a public-private
partnership developer, working in partnership with public bodies.
Scotland
Futures Trust ![]()
Website
The Scottish Futures Trust is a Government-owned company set up
to improve public infrastructure investment. Established in September 2008,
SFT pursues value for money by operating across the whole public sector
and by delivering benefits and savings wherever possible at each point
in the infrastructure investment cycle. From needs identification, options
investigation and investment appraisal; through financing, procurement,
design and construction; to life cycle management, maintenance and disposal,
the SFT offers value and professional expertise.
Transport Infrastructure Investment: Options for Efficiency![]()
Summary PDF
Full Report PDF
This OECD report examines principles for determining the most appropriate
models for investment in surface transport infrastructure. Public-private
partnerships (P3s) have attracted much attention in recent years. Appropriately
designed, P3s have the potential to allow for important efficiency gains
by transferring the responsibility for long-term cost management to private
organizations that are intrinsically motivated to reduce overall costs in
pursuit of profits, including by way of innovation. But P3s are complex arrangements,
with many pitfalls. Much surface transport infrastructure does not lend itself
to P3s, so the true role for these instruments in the overall system has
to be carefully defined. Governments are faced with a complicated set of
options for investing in infrastructure. In all likelihood, different elements
of the surface transport system will employ different models, including various
degrees of user charging. One of the greatest challenges is in ensuring consistency
across the system.
This report begins in Part I with a discussion of the overall challenge of providing surface transport infrastructure, including a description of the available models. It also provides an overview of the current situation observed around the world. Part II discusses the fundamental question of how borrowing for the creation of surface transport infrastructure should be treated in public accounts. Part III considers the potential benefits of using different models for the provision of infrastructure. Part IV looks at key questions related to the design of P3s, particularly their legal and regulatory frameworks and procurement processes. The report is based on research by a working group of experts from 19 countries, chaired by Dr. Urban Karlström, Director General of the Swedish National Road and Transport Research Institute.
Recommendation of the Council on Principles for Public Governance of Public-Private Partnerships ![]()
PDF
This document sets forth the OECD Council’s principles on public-private partnerships governance. Twelve principles are described, organized under three topics:
2007
Guidebook on Promoting Good Governance in Public-Private Partnerships![]()
PDF
Prepared by the Public-Private Partnership (P3) Alliance
of the United Nations Economic Commission for Europe (UNECE), this Guidebook
promotes good governance in the use of P3s and is designed to support P3
capacity-building programs especially in the transition economies. The P3
Alliance was established in 2001 to improve the awareness, capacity and skills
of the public sector in developing successful P3s in Europe. To this end,
the Alliance prepares guidelines on best practices in P3s, as well as preparing
other P3-related educational and training materials, and sponsoring P3 conferences
and workshops. The Guidelines were reviewed at an International Conference
organized by UNECE and the Government of Israel with the participation of
experts from different countries to provide their experience and best practice
in creating good governance conditions for P3s. A network of experts has
also been established, incorporating the experts from the former Alliance
group, to implement a work program on P3s.
United
Nations Economic and Social Commission for Asia and the Pacific ![]()
Website
The United Nations Economic and Social Commission for Asia
and the Pacific (ESCAP) is the regional development arm of the United Nations
for the Asia-Pacific region. With a membership of 62 Governments, 58 of which
are in the region, and a geographical scope that stretches from Turkey in
the west to the Pacific island nation of Kiribati in the east, and from the
Russian Federation in the north to New Zealand in the south, ESCAP is the
most comprehensive of the United Nations five regional commissions. Its Transport
Division works with member countries, including the public and private sector
stakeholders to help them to optimize and manage the opportunities brought
by the deepening of globalization. The division comprises three sections:
Transport Infrastructure Section, Transport Facilitation Section, and the
Transport Policy and Development Section. The Transport Policy and Development
Section is, among other things, responsible for the division's work on financing
infrastructure and public-private partnerships for infrastructure development.
