Budgeting for Availability PPPs policy reflects the Government's objective to achieve a systematic, consistent and comprehensive approach to budgeting for assets and services that are delivered under Availability PPP contracts.
This policy requires Relevant Entities to budget for the liabilities that arise in relation to projects that are delivered under Availability PPP contracts. This includes budgeting for the capital, operational and financing elements of the Service Payment. In addition, it requires Relevant Entities to budget for the relevant projects at all stages, from investment decision through to the operational period of the Availability PPP project, and provides guidance on reporting requirements.
For the avoidance of doubt, this policy does not replace any existing government policies or circulars concerning budgeting for capital projects. The guidance is to be used in conjunction with relevant policies that relate to planning for and managing major capital works.