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What is a PPP?

  • A Public Private Partnership is a form of contractual arrangement between Government and the private sector which harnesses the skills and capability of the private sector in designing, constructing, operating, maintaining and financing major infrastructure projects.

    One of the key characteristics of a Public Private Partnership is that the Government maintains control of the infrastructure by monitoring the performance of the private sector. The Government makes payments based on a performance regime and if necessary, can 'step-in' to ensure services are delivered. A Public Private Partnership brings new incentives to the private sector to deliver infrastructure as payments do not commence until the facilities are ready for operation.
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History

2 September 2002
Existing buildings on Southbank campus The development of a new Southbank Education and Training Precinct is announced by Queensland Premier Peter Beattie as a Smart State strategy. The goal was to develop a multi-sectoral campus that built on developing greater links between schools, TAFE, universities, community groups and industry. The government also decided this was to be a candidate for the state’s first Public Private Partnership (PPP).

27 February 2003
Invitations for expressions of interest in the PPP were released. Interested parties were invited to submit expressions of interest for the planning, design, construction, financing and maintenance of facilities required for the Southbank Education and Training Precinct, together with the provision of specified services.

11 April 2003
Expressions of interest closed.

25 August 2003
Minister for Employment, Training and Youth, Matt Foley, announced that three consortia had been shortlisted to submit binding bids for the development. He said these consortia had best demonstrated relevant experience and their capability to deliver a world-class education and training precinct.

The three shortlisted consortia were:

3 December 2004
Minister for Employment, Training and Industrial Relations, Tom Barton, announced that the evaluation of the two bids received (Axiom and HubX) had concluded with the government agreeing to explore an offer from the Axiom Education Queensland consortium.

Mr Barton said the next stage of the process was to confirm that value for money was achievable and that Axiom was able to demonstrate its ability to meet the state’s commercial, legal, educational and technical objectives to allow the project to proceed as the state’s first PPP.

19 April 2005
Premier Peter Beattie announced that Axiom Education Queensland had been successful in its tender to develop and manage Queensland’s first PPP – the Southbank Education and Training Precinct.

All available documentation relating to this project can be found in the Documentation Archives section of this website.

» View Documentation Archives

Last updated 9 August, 2007