The State controlled $245 billion of property, plant and equipment assets at 30 June 2011 ($235 billion). Of this, $124 billion ($119 billion) relates to infrastructures systems. Infrastructure can be provided via other mechanisms than State owned, financed and operated. | NSW Auditor-General's Report Volume Three 2011 SUMMARY OF PUBLIC PRIVATE PARTNERSHIPS |
Public Private Partnerships (PPPs) are long-term contracts between the public and private sectors where government generally pays the private sector to deliver infrastructure and related services to meet government’s service responsibilities. PPPs rely on borrowing or equity funding from private sources. | The State has over 40 public private partnerships to provide facilities and services |
The State currently uses four broad types of PPP arrangements: |
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● purchase arrangements with deferred payments, which include infrastructure that is State owned and controlled, and which has been financed by the private sector |
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● finance lease arrangements, which include infrastructure owned and financed by the private sector, but which is controlled by the State |
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● Build (Own) Operate Transfer arrangements, which include infrastructure that is financed, built, and operated for a certain period of time by the private sector, after which ownership and control of the infrastructure is transferred to the State. The private sector recovers its investment through charges paid by the infrastructure users |
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● Build Own Operate arrangements, which include infrastructure that is financed, built, and operated by the private sector generally for the life of the infrastructure. The private sector recovers its investment through charges paid by the State. |
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The State currently has over 40 active PPPs that cover a wide range of government services: |
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PPP commencement (a) | PPP term (years) |
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Purchase arrangements with deferred payments |
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Royal North Shore Hospital (RNSH) Redevelopment – Stage 2 | 2011 | 26 |
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Bathurst, Orange & Associated Health Services | 2011 | 24 |
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Bonnyrigg Living Communities Project | 2010 | 27 |
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Newcastle Mater Hospital Redevelopment | 2009 | 25 |
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Long Bay Prison and Forensic Hospitals | 2008 | 26 |
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Ten new schools (New Schools Project 2) | 2007–2009 | 29 |
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Nine new schools (New Schools Project 1) | 2004–2005 | 29 |
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Finance lease arrangements |
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Electric Passenger Rollingstock replacement | 2011 | 33 |
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Rollingstock Maintenance Facility | 2010 | 30 |
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Metropolitan Buses | 2005 | 7 |
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Parramatta Police Headquarters | 2004 | 20 |
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Hawkesbury Hospital | 1996 | 20 |
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Blue Mountains Sewage transfer tunnel | 1996 | 35 |
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Macarthur Water Treatment Plant | 1995 | 35 |
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Sydney Harbour Tunnel | 1992 | 30 |
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M2 Motorway Widening | (b) | (b) |
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Lane Cove Tunnel | 2007 | 30 |
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Westlink M7 (Western Sydney Orbital) Motorway | 2005 | 32 |
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Cross City Tunnel | 2005 | 30 |
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Airport Line Stations | 2000 | 30 |
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St George Hospital Car Park | 1999 | 25 | NSW Auditor-General’s Report Volume Three 2011 SUMMARY OF PUBLIC PRIVATE PARTNERSHIPS Proposed public private partnerships include M5 widening, extending light rail and upgrade of convention facilities | |
Eastern Distributor Motorway | 1999 | 49 | ||
Stadium Australia | 1999 | 32 | ||
Sydney SuperDome | 1999 | 31 | ||
Randwick Hospital Car Park | 1998 | 25 | ||
Light Rail System | 1997 | 31 | ||
M2 Motorway | 1997 | 45 | ||
Bowral Private Medical Imaging | 1996 | 15 | ||
Sydney Hospital Car Park | 1995 | 25 | ||
Opera House Car Park | 1993 | 50 | ||
M4 Motorway Service Centres | 1993 | 25 | ||
M5 Motorway | 1992 | 31 |
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Build Own Operate (BOO) arrangements |
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Rosehill Camellia Recycled Water Project | 2010 | 21 |
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Pindari Mini Hydro Power Station | 2001 | (c) 30 |
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Woronora Water Treatment Plant | 1997 | 25 |
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Prospect Water Treatment Plant | 1996 | 25 |
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Illawarra Water Treatment Plant | 1996 | 25 |
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Burrendong Mini Hydro Power Station | 1996 | (c) 30 |
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Copeton Mini Hydro Power Station | 1995 | (c) 30 |
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Liverpool Hospital Car Park | 1994 | 19 |
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Glenbawn Mini Hydro Power Station | 1994 | (c) 30 |
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Wyangala Mini Hydro Power Station | 1991 | (c) 30 |
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Source: The Treasury (unaudited) a PPP commencement is the year the project was ready for operation. b The M2 Motorway widening is in its construction phase. Construction is split into four stages with planned completion dates ranging from 2012–2013. Completion of the construction phrase will extend the original M2 Motorway term by four years (ending in 2046). c Excludes options to extend PPP term. The Treasury advised of the following proposed PPPs: |
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Proposed PPP | Nature of proposed PPP |
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M5 upgrade | Widening the M5 Motorway from two lanes to three lanes in each direction |
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Sydney Light Rail Expansion (Stage 1) – Inner West Extension | Extend the existing light rail system 5.6 kilometres from Lilyfield to Dulwich Hill |
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Sydney International Convention, Exhibition and Entertainment Precinct | Procurement of the expansion and enhancement of the existing convention, exhibition and entertainment facilities at Darling Harbour |
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