A post implementation review will be undertaken on all PFPs. These will be a valuable tool in refining the processes used in developing private sector infrastructure projects. They will be undertaken jointly by NSW Treasury and the agency initiating the project and should include:
• Project formulation
• Project objectives
• Brief appropriateness
• Design performance
• Approvals process
• Project delivery
• Risk exposure/risk sharing
• Delivery time
• Budget performance
• Project management/procedures
• Functional competence of infrastructure, including networking and interfacing
• Project operations, including service delivery and financing
• Industrial relations management
• Environmental management
• Community relations
• Industry development.
The review should generally be initiated twelve months after operations have commenced, although it may be undertaken earlier. Service delivery performance and contractual compliance will be reviewed regularly throughout the life of the contract by the agency and, at least initially, by the steering committee.