The Partnerships Victoria policy, introduced in 2000, provides the framework for a whole-of-government approach to the provision of public infrastructure and related ancillary services through public-private partnerships.
The policy focuses on whole-of-life costing and full consideration of project risks and optimal risk allocation between the public and private sectors. There is a clear approach to value for money assessment and the public interest is protected by a formal public interest test and the retention of “core” public services.
Partnerships Victoria is most useful for major and complex capital projects with opportunities for innovation and risk transfer.
Policy
The Partnerships Victoria unit develops policy and guidelines, promoting the implementation of best practice on public-private partnerships issues at a state and national level. The unit also provides specific advice to departments and agencies in the progression of new PV projects to contractual close and their ongoing management.
Projects
Projects completed under the Partnerships Victoria policy include the Victoria County Court, the Casey Community Hospital, the Southern Cross Station Redevelopment, and projects still in the construction phase such as the Royal Women's Hospital Redevelopment and EastLink.
Since 2002-03, Partnerships Victoria projects have accounted for approximately 10 per cent of annual public asset investment commitments.
Resources
The Partnerships Victoria website contains useful information on training opportunities, relevant reference materials and links, and the National Public-Private Partnership (PPP) Forum. The resources are aimed at Departments and Agencies undertaking projects but may also be of interest to others in the PPP industry and general community.
For more information, visit the Partnerships Victoria website.
