Queensland's public private partnership policy-Achieving Value for Money in Public Infrastructure and Service Delivery was launched in September 2001. This policy is a key strategic initiative that supports the Queensland Government's central economic objective of achieving high and sustainable levels of economic growth and employment by providing efficient and effective services and infrastructure.
The aim of this value for money framework is to support the objectives of Queensland's public private partnership policy. These objectives are,
∙ to deliver improved services and better value for money through appropriate risk sharing between public and private sector parties
∙ encouraging private sector innovation
∙ optimising asset utilisation
∙ ensuring integrated 'whole of life' management of public infrastructure.
A key characteristic of the policy initiative is its flexibility, which ensures its ability to respond to the changing needs of our communities in an evolving social and economic environment.
This document provides the analytical framework for implementing Queensland's public private partnership policy. It outlines processes to promote the creation of successful partnerships to develop infrastructure and related non-core service delivery projects. Through a transparent framework, built on the principles of probity and accountability, the government will:
∙ exercise consistency in the rigour of its evaluation of candidate projects
∙ ensure the provision of clear information regarding the government's objectives and desired outcomes in order to facilitate efficient, informed and competitive bidding
∙ ensure that bidding processes are not unnecessarily protracted
∙ provide firm commitment to the delivery of projects prior to the private sector undertaking project due diligence and developing binding bids.
This value for money framework is consistent with the objectives of the State Purchasing Policy. These objectives propose to:
∙ advance government priorities
∙ achieve value for money
∙ ensure probity and accountability for outcomes.
This value for money framework document is part of the suite of guidance material developed to assist in the implementation of Queensland's public private partnership policy. Other elements of the guidance material include an Overview, and a range of supporting documents which provide further detail on specific aspects of the public private partnership process, including
∙ Risk management
∙ Project resourcing
∙ Probity and process governance
∙ Public private partnership business case development
∙ Contract development and management.
This guidance material will be supplemented over time by the release of further supporting documents.