The Victorian Government has outlined reforms which it says will deliver the next phase of the ongoing phase of public private partnership (PPP) projects.

State Treasurer Michael O’Brien said that the reforms will lead to a reduction in bidding costs and drive greater efficiencies ands service outcomes.

“A stronger framework for a new generation of PPPs is vital to ensuring we can work with the private sector to deliver the infrastructure and services that boost Victoria’s liveability and productivity.”

The new PPP requirements include:

  • a flexible model for both the public and private sector that can incorporate modified financing structures;
  • testing value for money using an affordability benchmark for complex projects; and
  • a new streamlined approach for small-scale projects.

“The reforms will ensure Victoria continues to lead the nation in its delivery of infrastructure and services in partnership with the private sector,” Mr O’Brien said.