Partnerships Victoria Statement – February 2009

In Victoria, PPP projects will be procured under the Partnerships Victoria Framework that comprises:

- the new National PPP Policy and PPP Guidelines; and

- the Victorian specific requirements outlined in the Partnerships Victoria Requirements document and annexures.

The National PPP Policy and Guidelines have immediate effect and will apply to all Victorian PPP projects that are released to the market from January 2009. The national material replaces the pre-existing Partnerships Victoria guidelines. Where the national guidelines allow flexibility, the provisions in the Partnerships Victoria Requirements document and annexures apply.

Under the national guidelines, there is a new policy requirement to consider PPPs as a procurement option when planning for any capital expenditure over $50 million.

The national guidelines are consistent with the Partnerships Victoria approach with the exception of the Discount Rate Methodology. While this changes the methodology for some projects, it is anticipated the outcome will not be materially different.¹

The National PPP Policy and Guidelines are available via the Infrastructure Australia website www.infrastructureaustralia.gov.au

The Partnerships Victoria Requirements document and annexures are available via www.partnerships.vic.gov.au

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¹ Under the previous Partnerships Victoria approach, special rules applied to large and unusual projects, while general rules applied to all other projects. Under the national guidelines, the special rules apply to all projects.