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About Partnerships Victoria
The Partnerships Victoria policy, introduced in 2000, provides the framework for a whole-of-government approach to the provision of public infrastructure and related ancillary services through public-private partnerships. There are 19 Partnerships Victoria projects in existence worth around $9.5 billion in capital investment.
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The policy focuses on whole-of-life costing and full consideration of project risks and optimal risk allocation between the public and private sectors. There is a clear approach to value for money assessment and the public interest is protected by a formal public interest test and the retention of “core” public services.
Since 2002-03, Partnerships Victoria projects have accounted for approximately 10 per cent of annual public asset investment commitments. Partnerships Victoria aims to use the innovative skills and abilities of the private sector in a way that is most likely to deliver value for money and improved services to the community.
Partnerships Victoria is most useful for major and complex capital projects with opportunities for innovation and risk transfer.
The Partnerships Victoria team is part of the Commercial Division in the Department of Treasury and Finance and can be reached via Contacts |
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