Action for Public Transport (N.S.W.) Inc. |
Public Private Partnership (PPP) projects are promoted as adding value to society. Unfortunately, this high ideal has been lost to short term profit and political expediency to make budgets look artificially good. PPP projects have been taken over by banks and are clearly not delivering their promised benefits to society. PPP proponents promise better management,innovation, and a performance based risk distribution where the private sector through their commercial expertise, take on a high level of project risk.
http://www.aipm.com.au/html/media_release_public_private_partnership_ppp_projects.cfm
(From "Getting There", newsletter of the Western Sydney Community Forum, Granville NSW. Ph 9637-6190)