The Committee received evidence highlighting the various interest groups who play a key role in the private financing of public infrastructure. Exhibit 2.4 summarises these key interest groups and indicates some of their primary interests.
Exhibit 2.4: Examples of interest groups involved in the private provision of public infrastructure
Infrastructure sector (interest group) | Interest |
Engineering construction companies | Industry development - successful delivery of infrastructure |
Finance sector / banking | Industry development / financial transactions |
Project management consultants | Industry development / successful infrastructure delivery |
Consulting advice (for example, accountants, lawyers, consulting engineers) | Industry development / successful infrastructure development for private sector |
Government groups | Interest |
Policy advocates | PPP activities initiated and policy success |
Public servants | Sound administration of government policy |
Treasury/finance officials | Veracity and clarity in financial stewardship |
Project managers | Successful project delivery/business transactions (if outsourced) |
Advisory accountants, lawyers, contract engineers | Successful project delivery for public sector/business transactions (if outsourced) |
The public/users/community | Interest |
The public | Sound planning, processes and priorities for future infrastructure |
The public and users | Infrastructure provision at earliest opportunity and lowest competitive cost, user pays |
Taxpayers | Accurate monitoring of financial capacity to pay and liability exposure |
Community, both current and future | Confidence in infrastructure provision arrangements for the short and long term public interest |