Where an asset-based solution (including major refurbishment) has been identified and included in the agency's capital investment strategic plan, and the whole-of-life project cost will exceed $100M NPV during the term of the contractual relationship, the agency should notify the Department of Infrastructure and Planning of the potential project.
The Department of Infrastructure and Planning and Treasury will assist the agency:
∙ to review the potential project in terms of its applicability to the government's public private partnership policy; and
∙ to determine whether it is appropriate to proceed to the preliminary assessment stage of the public private partnership process.
The Portfolio Minister may write to Cabinet Budget Review Committee seeking to exempt from the Policy a project which lies above the threshold, or include a project that lies below the threshold, having first consulted with the Minister for Infrastructure and Planning and the Treasurer.