TITLE

Infrastructure Procurement After the Credit Crunch: A Guaranteed Future for PPPs in Australia?

AUTHOR(S)
Tam, Nicholas
PUB. DATE
March 2012
SOURCE
European Procurement & Public Private Partnership Law Review;2012, Vol. 7 Issue 1, p30
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Australian enthusiasm for public private partnerships (PPPs) in public infrastructure procurement in recent years has been tempered by criticism arising in the prevailing financial climate following the global financial crisis. Turbulence in global capital markets arising from the 2008 US credit crunch and ongoing Eurozone instability has diminished access to the quantity and tenor of finance necessary to commence new projects, particularly those larger in scale. This article demonstrates that PPPs have consistently succeeded in driving efficiencies and innovation in public procurement. Moreover, the state of the capital markets accentuates the continued desirability of PPPs in an era of constrained government finances. Therefore, the challenge for policymakers is to tweak the PPP model to ensure projects are structured in a financially attractive way to potential bidders. Of the available policy options, it is argued that limited government guarantees of bank debt and revenue will be the most effective mechanisms to ensure that new PPPs attract sufficient investments.
ACCESSION #
89568517

 

Related Articles

  • BMI Research: Latin America Monitor: Caribbean Monitor: PPPs Will Not Help Growth.  // Latin America Monitor: Caribbean Monitor;May2010, Vol. 27 Issue 5, p6 

    The article provides an outlook for the economy of Puerto Rico. It examines the public-private partnerships (PPPs) programme in relation to its role in the fiscal and economic reconstruction plan to lift the economy out of a recession. The expected benefits of this effort include the...

  • THE IMPACT OF THE GLOBAL FINANCIAL CRISIS ON PUBLIC-PRIVATE PARTNERSHIPS.  // International Trade Forum;2009, Issue 4, p30 

    The article discusses how the public-private partnership (PPP) is coping with the global financial crisis. It notes that the crisis disrupted the private activity in infrastructure and changed private investment in infrastructures where private operators chose contracts that were free from...

  • Reasessing Australian infrastructure investment. Awad, Amal // Money Management;11/12/2009, Vol. 23 Issue 42, p14 

    The article discusses the issue concerning the value of infrastructure in portfolios hit by the global financial crisis in Australia. It states that the infrastructure sector is affected by failed public private partnerships (PPs), government issues and the pressures of being overladen with...

  • Betting Big on China. Kelly, Michael // Investment Dealers' Digest;9/24/2010, Vol. 76 Issue 35, p22 

    In this article, the author discusses the business strategies that would help to recover financial losses in the capital markets due to the 2008 global economic crisis. He emphasized that deployment of fuel urbanization, industrialization and social infrastructure are the key factors for...

  • When Monetary Policy Trumps All. Ochoa-Brillembourg, Hilda // International Economy;Spring2012, Vol. 26 Issue 2, p18 

    The article focuses on the challenges faced by investors over the financial crisis of 2007-2009. It warns that investors must rethink capital market expectations informed by long-run historical experience. Also, long-term investors need to reconsider the usefulness and appropriateness of...

  • Postopek za sklenitev javno-zasebnega partnerstva. ŽELEZNIK, MILAN // Lex Localis - Journal of Local Self-Government;jan2009, Vol. 7 Issue 1, p83 

    The prescribed procedure for entering into a public-private partnership, which is the research subject in this paper, is extremely complex and long-lasting because in addition to the umbrella Public-Private Partnership Act, the public partner must observe also the regulations governing the...

  • PUBLIC-PRIVATE COLLABORATION. BULLARD, STAN // Crain's Cleveland Business;1/3/2011, Vol. 32 Issue 1, p13 

    The article discusses prospects of public-private collaboration in Ohio. It has been stated that continued credit crunch has increased the demand of public aid by all levels of business in all locations. James Doyle, principal of Hemingway Development, expects public aid to remain necessary in...

  • ECONOMIC AND LEGAL ASPECTS OF THE PUBLIC-PRIVATE PARTNERSHIP MODEL DEVELOPMENT IN RUSSIA. Berezin, Andrey; Gorodnova, Natalia; Shablova, Elena; Briery, Natalia // International Multidisciplinary Scientific Conference on Social ;2015, p153 

    The article examines the economic and legal aspects of the functioning of the institute of public-private partnership (hereinafter - PPP) in view of the implementation of priority national projects and justifies an increase in the use of various forms of interaction between government and...

  • Dubai missed out on privatisation.  // MEED: Middle East Economic Digest;9/10/2010, Vol. 54 Issue 37, p7 

    The article discusses a surge in the public-private partnerships (PPPs) in the Middle East countries for infrastructure development due to global economic downturn.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics