Clem7 is a PPP toll road in Brisbane. ABC News reports that: An independent report out today claims RiverCity Motorway is making $870,000 a month but having to pay $8 million a month in interest on its $1.3 billion debt. RiverCity chief executive officer Flan Cleary says he has not […]
PPPs
5 posts
Bill English’s views on PPPs and their supposed benefits are reported in the Herald: New Zealand is a decade behind other countries in using public-private partnerships to accelerate, manage risk, and get value for money from big national infrastructure investments, says Finance Minister Bill English. English used a speech to […]
Gordon Campbell has an excellent analysis of this idealogical burp in the Herald from Deloitte coporate finance partner Paul Carrow. PPPs just have to cost more because of: the increased up front legal costs of contracting the risk of failure the costs of private firms having to borrow funds instead […]
Brian Rudman comments on the Minister of Transport’s decision to investigate a public private partnership for electrified trains, and finds that Sydney’s example may not be one to follow: That contract is running months behind deadline and the New South Wales Premier is very grumpy. The Sydney tender process proper […]
by John Shaw, former Transit Board Member In a recent paper Christopher Sheil of the University of NS Wales talked about editors of the Australian Financial Review being “PPPed out”. He went on to say that that it may be a deliberate strategy, by supporters of PPP, to make the […]