Plenary CEO highlights the future direction of infrastructure PPPs
Published 23 October 2017
MELBOURNE, VICTORIA – Plenary CEO Paul Oppenheim has provided his insight into the future direction of infrastructure public-private partnerships (PPPs).
Mr Oppenheim was the keynote speaker at a recent Committee for Economic Development of Australia event that also featured senior representatives from the Victorian, New South Wales and Queensland state treasuries.
He discussed the key role infrastructure plays in securing our country’s future, highlighting the economic benefit and sheer number of jobs created through infrastructure projects.
“To promote infrastructure and the use of PPPs, it is imperative to demonstrate that it makes good economic sense,” Mr Oppenheim said.
“The ‘I’ bodies; Infrastructure Australia, Infrastructure Victoria, Infrastructure NSW and Buildings Queensland have created the case for prioritising projects to ensure both economic benefits and population growth critically inform their roll-out.
“PPPs can have benefits for infrastructure spending through cost savings and through a record of on-time delivery.”
Mr Oppenheim spoke of the benefits of independent special purpose vehicles (SPVs) delivering high quality outcomes by increasing accountability for on-time delivery and fostering innovation while assisting governments with the expansion of their assets.
“Many years after the initial PPP has been built, a well-managed SPV will help government deliver expanded facilities and services through competitive processes.”
Plenary has been active in the PPP market for more than a decade, with 200 employees across Asia Pacific and North America, and a PPP project portfolio of 42 projects worth more than A$30 billion.
In late-2016 Plenary created Netflow, a joint venture with Cintra, with a focus on road concession projects in Australia and New Zealand.
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