An evaluation of viability of public private partnerships in social infrastructure procurement projects in Queensland, Australia
Susilawati, Connie, Wong, Johnny, & Chikolwa, Bwembya (2009) An evaluation of viability of public private partnerships in social infrastructure procurement projects in Queensland, Australia. In Proceedings of the CRIOCM 2009 International Symposium on Advancement of Construction Management and Real Estate, The Hong Kong Polytechnic University, Nanjing, China, pp. 1929-1941.
Public private partnerships (PPP) have been widely used as a method for public infrastructure project delivery not only locally and internationally, however the adoption of PPPs in social infrastructure procurement has still been very limited. The objective of this paper is to investigate the potential of implementation of current PPP framework in social affordable housing projects in South East Queensland. Data were collected from 22 interviewees with rich experiences in the industry. The findings of this study show that affordable housing investment have been considered by the industry practitioners as a risky business in comparison to other private rental housing investment. The main determents of the adoption of PPPs in social infrastructure project are the tenant-related factors, such as the inability of paying rent and the inability of caring the property. The study also suggests the importance of seeking strategic partnership with community-based organisation that has experiences in managing similar tenants’ profiles. Current PPP guideline is also viewed as inappropriate for the affordable housing projects, but the principle of VFM framework and risk allocation in PPPs still be applied to the affordable housing projects. This study helps to understand the viability of PPP in social housing procurement projects, and point out the importance of developing guideline for multi-stakeholder partnership and the expansion of the current VFM and PPPs guidelines.
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|Item Type:||Conference Paper|
|Keywords:||Public Private Partnership, Australia, Social Infrastructure|
|Subjects:||Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BANKING FINANCE AND INVESTMENT (150200) > Investment and Risk Management (150205)|
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > COMMERCIAL SERVICES (150400) > Real Estate and Valuation Services (150403)
|Divisions:||Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering|
Past > Schools > School of Urban Development
|Copyright Owner:||Copyright 2009 [please consult the authors]|
|Deposited On:||06 Jan 2010 07:48|
|Last Modified:||29 Feb 2012 23:58|
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