For this Review focus area, we were asked to consider whether the budget presented in the DBC was based on a reasonable supporting analysis and assessments of costs, including appreciation of the inherent and contingent risks and their associated financial implications.
Specifically, we were asked to give particular consideration to:
• The development of the PSC; and
• The commercial case for selection of the preferred procurement model (i.e. PPP) and the rationale for doing so.
Our analysis and findings on the above two matters is provided below.