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- Regulatory framework, key features and key concepts in project finance
Understanding PPP and joint venture
A typical PPP (which stands for “Public Private Partnerships”) is a service contract between the public and private sectors, where the Australian Government pays the private sector to deliver services such as those relating to infrastructure.
PPPs are crucial — the public sector has a service requirement and the private sector can provide service delivery. In Australia, PPPs are vital to the development of infrastructure, as they allow governments and the private sector to work together and share resources on key projects.
This guidance note considers PPP’s legislative framework.
There are numerous forms of PPP creating a family of procurement methods. Joint venture is a newer form of PPP, and this guidance note overviews the use of an incorporated joint venture in a project finance transaction.
See Understanding PPP and joint venture.
