Annexure 14 - Disclosures

The evolution of a PPP differs widely across sectors and regions. While such implementation frameworks are seen as firmly established in sectors such as roads, in other sectors, much more understanding and adoption of the PPP model is required. As more and more experience is gained in the implementation of projects, there is increasing evidence of lapses in conceptualization, development, construction or maintenance. Another concern is that project transparency is not what it should be because of the lack of access to the data that is needed for making informed decisions, not to mention the reluctance of the private partner and public entity to share information about the project. The relatively lower levels of disclosures of PPPs have also been noted. This usually emanates from poor or limited information being made available to the public at large and other stakeholders concerned. PPP projects are increasingly becoming popular methods of public procurement, and are expected to garner a significant share of investment in the 12thFive Year Plan. Consequently, it is vital to set out systems and best practices that ensure the sustainability of such projects.

Mature PPP markets such as Australia have put in place regulations that make disclosure of information mandatory.