The Victorian State Government announced on 2 May 2013, significant reforms to its Public Private Partnership (PPP) policy to support infrastructure growth in Victoria (Policy). The Policy is aimed at encouraging private sector investment in critical infrastructure by providing an alternative to full private finance.
Typically, unless there are financial market constraints, construction of PPPs is financed in its entirety by the private sector and repaid by the public sector over the concession life. Under the new Policy, the Victorian Government will make a capital contribution to some projects in order to reduce the amount of money the private sector is required to borrow, thus decreasing the overall cost of the project.
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