Public Private Partnerships
A Public Private Partnership (PPP) is a risk-sharing relationship between the public and private sectors to deliver public infrastructure and related non-core services.
A Public Private Partnership is also a method of procurement. It involves the use of private sector capital to fund an asset that may not be ultimately owned by the public sector. The Queensland Government released its Public Private Partnership Policy — achieving value for money in public infrastructure and service delivery in September 2001. The state’s Public Private Partnership policy applies to government departments and agencies.
This policy is supported by the Project assessment framework and the Guidelines for the assessment of market-led proposals, a methodology that promotes the use of rigorous analysis to ensure that government obtains best value for money for Queenslanders.
Transport and Main Roads is currently delivering the Toowoomba Second Range Crossing project via a Public Private Partnership.
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