Estimates of the size of the Australian PPP market vary. In 2004 the National PPP Forum estimated that at that time, over $9 billion in PPP projects were already contracted. This comprised over $4 billion in PPP projects currently in the market and over $5.5 billion of projects being considered for delivery as PPPs.
According to the Financial Times the Australian market comprised $9 billion of projects between 2000 and 2006, and is expected to grow to $100 billion in the next ten years (Minder, 2006). However, the such levels would not be achieved un-less the market share of PPPs rises sig-nificantly. Infrastructure spending (gross fixed capital formation) of approximately $38 billion is indicated for 2008. State Infrastructure Plans project spending of over $320 billion over the next decade, which could easily become $400 billion.3 In order to achieve the $100 billion level of PPP projects foreshadowed by the Financial Times, it would therefore be necessary for Australian PPPs to capture a 25 percent share of the overall infra-structure market, compared with their current share, which lies in the vicinity of 10-15 percent of total government procurement.
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3 CEDA (2007), Sustainable Queensland, Volume 2, CEDA Information Paper 88, p.58.