Key findings of the Committee: 5.1 Current Victorian public private partnership (PPP) accountability arrangements comprise governance, probity and compliance. Each project in Victoria is overseen and is the responsibility of the relevant portfolio Minister, with the Treasurer responsible for the whole of government policy framework. For some projects the Treasurer may work with the portfolio Minister for part of the project. In addition, the Minister for Major Projects is responsible for Major Projects Victoria. 5.2 The Committee concurs with the view of the Auditor-General that the effective management and monitoring of public private partnerships, once established, is critical to the outcomes achieved. 5.3 The two reviews of PPP projects undertaken for the government (the Russell and Fitzgerald reviews) have shaped policy and practices. 5.4 For all infrastructure projects, meaningful and timely information about contract performance needs to be published. 5.5 Many PPP contracts are complex and lengthy (for example the Southern Cross Station contract is 620 pages). A succinct summary should be made publicly available. A project summary would also enhance public understanding of PPPs. |