Driven by population growth, historic underspend on infrastructure maintenance and a decade of fiscal constraint, Australia faces a significant infrastructure deficit. Considerable reform and innovation is required now to meet the existing – let alone future – infrastructure demand and prevent the deficit from widening over the coming decades.
In the face of unprecedented population growth forecasts, establishing reliable and sustainable infrastructure will be critical to growing the economy, raising national productivity and enhancing quality of life. Greater total funding – derived from both private and public sector sources – is required for infrastructure, if the future needs of Australians are to be met.
We believe there are a range of key factors and structural reforms required to ensure that the Public Private Partnerships (PPP) model and market, are ready to respond to the immense challenge outlined by the recently released Australian Infrastructure Audit.
This report explores some of the more promising developments in both mature and developing PPP markets, including Australia, Canada, the United Kingdom, Asia and the United States. The review highlights a number of key international trends to be considered in the Australian context.