ABSTRACT

Australia has been a world leader in the use of privately financed public infrastructure projects (PFPI), otherwise known as public private partnerships (PPPs), since their first use in the modern-PFPI-era commencing in 1980. This article argues that Australian PFPI has evolved through four key phases and tracks the key inflection points in debate. Critical dimensions in these phases include the enabling policy apparatus, tax status, competitive tension, risk transfer, accounting treatment, value-for-money, government guarantees and hybrid finance. It suggests that the evolution of PFPI policy can be attributed to political tendencies, responses to public scrutiny and advances in technical approaches.

摘要

自 1980 年开始在现代 PFPI 时代首次使用以来，澳大利亚在使用私人融资公共基础设施项目 (PFP​​I) 方面一直处于世界领先地位。已经经历了四个关键阶段并跟踪辩论中的关键拐点。这些阶段的关键维度包括有利的政策机制、税收状况、竞争压力、风险转移、会计处理、物有所值、政府担保和混合融资。它表明 PFPI 政策的演变可归因于政治倾向、对公众监督的反应和技术方法的进步。