ContractPublic-Private Partnership Project Agreement • May 5th, 2020
Contract Type FiledMay 5th, 2020PUBLIC PRIVATE PARTNERSHIPS PROJECT AGREEMENTS Andrew Chew Geoff Wood David Storr Mallesons Stephen Jaques INTRODUCTION In Australia, over the last ten years, there has been a marked increase in co-operation between governments and private sector for the development, financing and operation of an array of infrastructure ranging from tollroads, water and sewerage treatment plants, sewerage outfall tunnels, power stations, hospitals, schools and prisons to defence-related equipment. These Public-Private Partnership (PPP) projects are being primarily driven by governments wanting to implement projects without recourse to public funding, and to improve the quality and efficiency of delivering these infrastructure facilities and on-going services to the public. In Australia, PPP projects to date have been largely based on the Build-Operate-Transfer (BOT) model and project financed by the private sector. They are also commonly referred to as private financing initiatives or (due to the endur