infrastruct toby brownecooper

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Information about infrastruct toby brownecooper
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Published on March 8, 2008

Author: Marietta1

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UDIA 2004 State Conference The Great Infrastructure Debate: Exploring Equitable Means of Funding both State and Local Infrastructure Public Private Partnerships (PPPs):  UDIA 2004 State Conference The Great Infrastructure Debate: Exploring Equitable Means of Funding both State and Local Infrastructure Public Private Partnerships (PPPs) Toby Browne-Cooper 21 October 2004 Overview:  Overview What are PPPs? History and context Advantages & disadvantages of PPPs National PPP pipeline of projects WA’s PPP Policy History of PPPs in WA Current WA PPP projects Future directions for WA PPPs – equitable & socially responsible? What are PPPs?:  Context: A method of procuring infrastructure cf. traditional Govt infrastructure procurement PPP key features: public infrastructure (economic or social) privately financed privately built, owned & operated for a fixed term core service delivery retained by Govt PPP is not privatisation History: UK PFI  Australian State PPP policies What are PPPs? Typical PPP procurement structure:  Typical PPP procurement structure Government Project Vehicle Purchasers Suppliers Funders (Debt) Sponsors (Equity) Operator Contractor Concession Deed / Project Agreement O&M Agreement Supply Agreements Off-take Agreements D&C / EPC Contract Debt Facilities (and security) Subscription Agreements Advantages & disadvantages of PPPs:  Advantages & disadvantages of PPPs Key advantages Cost savings: Value for money – economically sound decision making (eg. UK: documented savings) Access to broader funding Enhanced transparency & accountability Risk transfer & management (see Spencer St Station) Larger and earlier project delivery Improved quality of public assets: Enhanced efficiency, innovation & technology Whole of life approach – improved maintenance Improving public sector skills Advantages & disadvantages of PPPs:  Advantages & disadvantages of PPPs Key disadvantages: Complex projects: expensive procurement process extended procurement times Not suitable for all projects Project size threshold ($100M?) Critical mass and national consistency Public perception of privatisation Risk transfer (Govt retains residual risk?) User pays (equitable?) Tax reform required (new Division 250) Lack of suitable skills in the public sector Protecting employee rights National PPP pipeline - completed projects:  National PPP pipeline - completed projects NSW [Sydney Harbour Tunnel] New Schools Project Eastern Creek Urban Resource – Reduction, Recovery & Recycling waste generation processing plant Cross City tunnel tollroad M7 tollroad / Western Sydney Orbital Lane Cove Tunnel tollroad Qld [Brisbane Ferries] [Noosa Shire Council Sewerage Treatment Plant] [Robina Hospital] [Health Care of Australia Hospital] SA [Adelaide’s Water Supply] Victoria [Melbourne City Link] [Regional Fast Rail V-Line Freight Rail / Passenger Services] [Grampians Water Project] Berwick Community Hospital Correctional facilities project Spencer Street Station Redevelopment County Court of Victoria Emergency Alert Project WA [Joondalup and Peel Health Campuses] [Fremantle Justice Centre] [Acacia Prison] [Regional Power Procurement] [Perth Convention & Exhibition Centre] [Peaking Power Station] National PPP pipeline - current projects:  National PPP pipeline - current projects Federal Defence HQ Joint Operation Centre Customs Coastwatch Aerial Surveillance NSW Long Bay Forensic Hospital Mater Hospital, Newcastle Newcastle Port Multi-Purpose container terminal Chatswood Transport Interchange Parramatta Transport Interchange Newcastle Polyclinic NT Convention Centre / Water Front Redevelopment Qld Southbank Education & Training Precinct Townsville Industrial Recycling SA State Aquatic Centre Regional Police Stations & Courts Authority Facilities Tasmania Risdon Prison Redevelopment Victoria Ballarat/Creswick Reclaimed Water Project (Central Highlands Water) Emergency Alerting System Project Mitcham-Frankston Fwy Project Royal Melbourne Showgrounds Royal Women’s Hospital Redevelopment WA CBD Courts Complex Multipurpose Indoor Entertainment & Sports Stadium [Baseload Power Station] National PPP pipeline – potential projects:  National PPP pipeline – potential projects Federal Accommodation for Defence personnel without dependents Rotary Wing Training Aircraft/Equipment NSW RailCorp Rolling Stock Social Housing, NSW Parramatta Hospital Site Redevelopment Redevelopment of Bus Depots M4 East Extension Qld Gateway bridge and motorway duplication Boggo Road Mixed Use Precinct Wetalla Wastewater Project ICT Projects – New Qld Drivers Licence Townsville Passenger Terminal Gold Coast Cruise Terminal Smart Classrooms North-South Bypass Tunnel Lockyer Water reliability Gold Coast public transport SA Supreme Court Redevelopment Affordable housing Tasmania Affordable housing Victoria Affordable Housing Aged Care Facilities/Sub Acute Facilities Relocatable Classrooms Werribee Plans Vision Eastern Treatment Plant Metropolitan Food Services Project Melbourne Wholesale Fruit, Vegetable, Flower & Fish Markets Redevelopment Barwon Water – Biosolids Black Rock Treatment Plant Melbourne Convention Centre WA Office Accommodation Health Infrastructure WA’s PPP Policy:  WA’s PPP Policy Partnerships for Growth policy (Dec 2002) Department of Treasury & Finance Generally for new infrastructure (cf. UK: services) Traditional infrastructure where private sector has a strong track record Economic infrastructure: transport – road, rail & maritime office accommodation support and seed infrastructure for industry Social infrastructure: health facilities justice & custodial schools, education and training facilities History of PPPs in WA:  History of PPPs in WA Prior to Partnerships for Growth: Joondalup and Peel Health Campuses (1997) Fremantle Justice Centre (2001) Acacia Prison (2001) Perth Convention & Exhibition Centre (2004) [Western Power Peaking Power Station] After Partnerships for Growth: CBD Courts Project (RFP issued August 2003) Multipurpose Indoor Entertainment & Sports Stadium (EOI issued August 2004) [Western Power Baseload Power Station] Current WA projects – CBD Courts:  Current WA projects – CBD Courts First under the Partnerships for Growth Policy Development of a state-of-the art courts complex and a CBD “justice district” Private sector services: Accommodation services (approx $142M capex): design, finance & construction of a District Court building (cnr Hay & Irwin Streets, Perth) CLC refurbishment  Magistrates Court Facilities management: hard (ie. ongoing maintenance / refurbishment) soft (ie. cleaning, catering, waste) user management and security systems custodial and court booking services Current WA projects – CBD Courts:  Current WA projects – CBD Courts Role of the public sector (Department of Justice): Core Justice Services (ie. judiciary, support and admin staff) Court Listing Services IT & Transport Services Payment stream based on performance and volume (with abatement regime) 2 short-listed consortia: The Western Liberty Group (ABN Amro/Multiplex) Amicur (Macquarie Bank/Leighton Contractors) Successful consortium to be announced in November 2004 Current WA projects - MIESS:  Current WA projects - MIESS Development and operation of a Multipurpose Indoor Entertainment & Sports Stadium EOI issued August 2004 (closes 21 October) Short-list of 3 will be invited to partake in RFP phase (closes July 2005) Private sector services: design, finance, construct, maintain & operate the stadium develop a stadium precinct Role of the public sector (Dept of Housing & Works): provide up to $50M land and/or cash no ongoing State assistance provided Future directions for WA:  Future directions for WA Economic infrastructure: Regional and common use infrastructure Utilities – power, water, gas pipelines etc Transport – rail, ports, toll-roads (shadow tolls) Social infrastructure: Health & aged care (eg. UK, Vic, NSW) Education – package deals (eg. UK, NSW) LandCorp residential development JVs Local Government: Perry Lakes Stadium Redevelopment City of Perth foreshore / Northbridge rail lowering Claremont Showgrounds PPPs – equitable & socially responsible?:  PPPs – equitable & socially responsible? Enhancing transparency & accountability? Value for money? Optimal risk allocation: private sector windfalls / losses? public sector windfalls / losses? Encouraging entrepreneurial development in WA? Is “user-pays” always equitable? Employee protection? Should the Govt refund bidding costs? Tax reform (s51AD, Division 16D and proposed Division 250) Slide17:  www.freehills.com

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