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Full-Text Articles in Architecture

Better Infrastructure Procurement For Public Private Partnerships: An Australian Perspective, Michael Regan, Jim Smith, Peter Love Feb 2016

Better Infrastructure Procurement For Public Private Partnerships: An Australian Perspective, Michael Regan, Jim Smith, Peter Love

Michael Regan

Public private partnerships (PPP) are a method for the delivery of social and economic infrastructure services in over 80 countries worldwide. PPPs are a contractual arrangement between public and private entities through which the skills, assets and/or financial resources of both sectors are allocated in such a manner that provides optimal service delivery and good value to society. Central to the operation of public private partnerships is the systematic evaluation of the procurement options available to government, an output specification to encourage private design, risk transfer, construction and operational innovation, the detailed analysis of projects over their operational lifecycle ...


Benchmarking Public Private Partnership Environments: East Asian Comparisons, Michael Regan, Jim Smith, Peter Love Sep 2013

Benchmarking Public Private Partnership Environments: East Asian Comparisons, Michael Regan, Jim Smith, Peter Love

Michael Regan

The Public Private Partnerships (PPP) markets in Australia and the UK are considered to be the most sophisticated in the World and used as a model for benchmarking against other countries. In addition the global financial crisis also meant many PPP financiers became risk averse to certain projects and in particular countries. The environment for major infrastructure projects, particularly in ‘riskier’ countries, has become more difficult. Research conducted by the Economist Intelligence Unit for the Asian Development Bank evaluated PPP policy and programs in a number of countries in the Asia Pacific. The study benchmarks the UK and Australian PPP ...


Impact Of The Capital Market Collapse On Public-Private Partnership Infrastructure Projects, Michael Regan, Jim Smith, Peter Love Feb 2012

Impact Of The Capital Market Collapse On Public-Private Partnership Infrastructure Projects, Michael Regan, Jim Smith, Peter Love

Michael Regan

The collapse of capital markets is having an impact of the funding arrangements for economic and social infrastructure projects in Australia. Bearing this in mind, this paper seeks to examine whether the current volatility and uncertainty in capital markets in Australia affects the feasibility of privately financed infrastructure and specifically the public-private partnership PPP method of procurement. This paper examines the role and dependency that capital markets play in funding PPPs, current market conditions, and how they will affect PPP viability. In addition, alternative funding and procurement mechanisms that can be used for short- and medium-term infrastructure deliveries are presented.


Public Private Partnerships: What Does The Future Hold?, Michael Regan, Jim Smith, Peter Love Aug 2010

Public Private Partnerships: What Does The Future Hold?, Michael Regan, Jim Smith, Peter Love

Michael Regan

Internationally, Public and Private Partnerships (PPPs) are being used across a wide variety of economic and social infrastructure projects in more than 85 countries. PPPs are a procurement methodology that brings a rigorous risk-weighted approach to major projects using a competitive bid process and private sector expertise and innovation. PPPs are achieving a number of significant improvements in major project procurement and improved public service delivery.This paper considers the prospects of PPPs from the perspective of government clients and their promoters of PPPs and whether current volatility and uncertainty in the capital markets in Australia will affect the feasibility ...


Critical Foundations: Providing Australia’S 21st Century Infrastructure, Michael Regan Aug 2009

Critical Foundations: Providing Australia’S 21st Century Infrastructure, Michael Regan

Michael Regan

Extract:

Infrastructure is undoubtedly the least understood of the major asset classes in Australia. A tradition of public ownership and operation, its status as a public good and a lack of information about its investment characteristics in both public and private hands has contributed to limited recognition of its role in national and regional economies. However, this situation is changing. A coincidence of political, economic and financial events in the lead up to the worldwide economic recession of the late 1980s and Australia's microeconomic reforms of the 1990s b[r]ought into sharper focus the central role that infrastructure ...