PPP projects are generally only appropriate for large and significant projects due to the added requirement of arranging private finance as a part of the project. It is therefore appropriate to adopt a minimum project budget for projects included in the sample to ensure comparisons between Traditional and PPP procurements are comparable. Initial capex requirements chosen were:
• For NSW, projects with a capex of $50 million or greater;
• For all other States and Territories, projects with a capex of $20 million or greater.