The future for public private partnerships in Queensland looks bright indeed. At a Property Council luncheon on February 5, the Premier Peter Beattie clearly stated that public private partnerships were the future for the state.
The Property Council infrastructure committee is also doings its best to ensure that PPPs become a reality, and has analysed the draft policy.
Committee members are also in the process of completing comparisons listing the advantages and disadvantages of projects in terms of them being constructed as either public or private sector projects.
Representatives from the infrastructure committee and Property Council staff met with key government personnel mid-February to discuss the future of the policy.
Mr Shaun Drabsch, Executive Director Infrastructure Partnerships Taskforce, indicated that the State Government is keen to promote PPPs and is in the process of drafting documentation for cabinet.
He added that the Queensland model would be based on those currently operating in Victoria and NSW.
PPPs provide an enormous opportunity for the private sector to benefit from the development of infrastructure and other projects in Queensland. It also allows the Government the added advantage of being able to better utilise its limited resources, and the Property Council is looking forward to working further with the State Government.