Public Private Partnerships

Public Private Partnerships have emerged as an infrastructure procurement and delivery option which can offer the best value for money. This is achieved by introducing incentives for innovation in the design, construction, operation and management of substantial investments, by:

• better allocating and managing risks
• focusing on whole-of-life costs.

Value for Money Framework

The Value for Money Framework provides the basis for the implementation of Queensland's Public Private Partnerships Policy. It provides a comprehensive set of procedures to evaluate the range of project delivery options for infrastructure and identifies the best value for money outcome for the government and the community.

The framework has been endorsed by the state government and applies to all infrastructure projects above $100 million over the life of the asset. It provides an analysis of projects, focusing on:

• project outputs
• whole-of-life costing
• identification of risks
• allocating risks to the appropriate party to manage.

The framework provides a rigorous and transparent analytical process with which to ensure that government obtains best value for money for Queenslanders.