Question 1 -You are a member of the Partmerships Victoria Team managing the procurement of the Footscray...

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Finance

Question 1
-You are a member of the Partmerships Victoria Team managing theprocurement of the Footscray Hospital. It has been announced thatthis project will be delivered as a PPP.
-You have been asked to provide a briefing note to the Treasureraddressing the following questions from his Chief-of- Staff:

-Why is this hospital being delivered as a PPP?

-The Northern Beaches Hospital PPP appears to have faced someproblems and is now subject toa Parliamentary Inquiry. Will weencounter the same difficulties and how are we approaching thescoping of the project?

-It is understood that based on previous precedent, the privatesector is likely to use non-recourse project finance and set up aspecial purpose company; what does this mean, what risks does itpresent for government and how will we protect ourselves?

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PPP refers to Public Private Partnership It is a funding model in which Local or state government and Private sector comes together for complete the project In this model Government provides resources to the Private sector to operate and complete the project and private sector invest its funds and develops said projects There may be various reasons for adoption of PPP For Footscray Hospital there may be possibility See Answer

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Question 1-You are a member of the Partmerships Victoria Team managing theprocurement of the Footscray Hospital. It has been announced thatthis project will be delivered as a PPP.-You have been asked to provide a briefing note to the Treasureraddressing the following questions from his Chief-of- Staff:-Why is this hospital being delivered as a PPP?-The Northern Beaches Hospital PPP appears to have faced someproblems and is now subject toa Parliamentary Inquiry. Will weencounter the same difficulties and how are we approaching thescoping of the project?-It is understood that based on previous precedent, the privatesector is likely to use non-recourse project finance and set up aspecial purpose company; what does this mean, what risks does itpresent for government and how will we protect ourselves?