Australia

Yongjian Ke, Vince Mangioni, John Sturgeon and Kun Wang

Chapter 3 in Handbook on Public–Private Partnerships in International Infrastructure Development, 2024, pp 50-85 from Edward Elgar Publishing

Abstract: The chapter explores the historical development of public-private partnerships (PPPs) in Australia, dividing it into two periods: pre- and post-2000. It also examines regulatory and institutional frameworks supporting PPPs. Challenges and debates surrounding PPPs, particularly in terms of public interest, market failures, and ethical considerations, are critically analysed. Future directions and potential reforms needed to enhance the effectiveness of PPPs in Australia are discussed. Two cases are discussed in detail. First, the Gold Coast Light Rail is one of Australia’s successful PPPs, in which this chapter sets out the three key phases of land acquisition, harmonious participation across three tiers of government and private partner, and finally the consultation phase with the community the infrastructure is designed to serve. The chapter demonstrates that in place of a defensive PPP structure, when government operates in tandem with the private partner, the project KPIs of delivering a project on time and close to budget becomes the collective focus of all partners through open transparent responsibility and definable returns to each partner. Second, a detailed case study of the Northern Beaches Hospital in Sydney, Australia, focuses on its challenges and failures within the context of PPPs. The hospital encountered significant operational and social sustainability issues and conflicts and mismatches between private investor objectives and public health interests. The case study serves as an insightful examination of the complexities and pitfalls of PPPs in public healthcare, offering a critical perspective on the balance between private profit motives and public health needs.

Keywords: Business and Management; Innovations and Technology (search for similar items in EconPapers)
Date: 2024
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