This Chapter provides an overview of privatisation and government reform that took place during the 1980s and 1990s. It outlines the economic and regulatory reform drivers that led to the use of PPP (including in Victoria, Australia), and outlines a range of PPP mechanisms, its benefits and potential limitations. It also presents a variety of PPP models and selected features of policy frameworks.
Given that PPP as a form of procurement is expected to continue under existing arrangements over the long-term and that their continued adoption and implementation is largely subject to their perceived ongoing attractiveness to government and the private sector, the main issue that emerges for PPP during the operational phase is effective governance.
The next Chapter establishes partnership, risk and performance management as elements within a PPP administrative environment. It provides relevant definitions; theoretical frameworks underlying the application of these techniques - presented from a public sector perspective; and outlines relevant principles and practices.