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Full-Text Articles in Architecture
Better Infrastructure Procurement For Public Private Partnerships: An Australian Perspective, Michael Regan, Jim Smith, Peter Love
Better Infrastructure Procurement For Public Private Partnerships: An Australian Perspective, Michael Regan, Jim Smith, Peter Love
Michael Regan
Public private partnerships (PPP) are a method for the delivery of social and economic infrastructure services in over 80 countries worldwide. PPPs are a contractual arrangement between public and private entities through which the skills, assets and/or financial resources of both sectors are allocated in such a manner that provides optimal service delivery and good value to society. Central to the operation of public private partnerships is the systematic evaluation of the procurement options available to government, an output specification to encourage private design, risk transfer, construction and operational innovation, the detailed analysis of projects over their operational lifecycle, a …
Narrowing Gaps Between Research And Policy Development In Climate Change Adaptation Work In The Water Resources And Agriculture Sectors Of Cambodia, Dany Va, Bhishna Bajracharya, Loius Lebel, Michael Regan, Ros Taplin
Narrowing Gaps Between Research And Policy Development In Climate Change Adaptation Work In The Water Resources And Agriculture Sectors Of Cambodia, Dany Va, Bhishna Bajracharya, Loius Lebel, Michael Regan, Ros Taplin
Michael Regan
Narrowing research and policy, while challenging, is especially important in climate change adaptation work (CCA) due to the high uncertainties involved in planning for climate change. This article aims to seek stakeholders’ opinions regarding how research and policy development can be bridged within the Cambodian water resources and agriculture sectors. The study used institutional ethnography methods with informants from government organizations, local academia, and development partners (DPs). This article identifies a number of challenges, and barriers for narrowing research–policy development gaps, including: limited effectiveness of governmental policies and planning; lack of relevant information required to promote evidence-based planning and policy …
Benchmarking Public Private Partnership Environments: East Asian Comparisons, Michael Regan, Jim Smith, Peter Love
Benchmarking Public Private Partnership Environments: East Asian Comparisons, Michael Regan, Jim Smith, Peter Love
Michael Regan
The Public Private Partnerships (PPP) markets in Australia and the UK are considered to be the most sophisticated in the World and used as a model for benchmarking against other countries. In addition the global financial crisis also meant many PPP financiers became risk averse to certain projects and in particular countries. The environment for major infrastructure projects, particularly in ‘riskier’ countries, has become more difficult. Research conducted by the Economist Intelligence Unit for the Asian Development Bank evaluated PPP policy and programs in a number of countries in the Asia Pacific. The study benchmarks the UK and Australian PPP …
Impact Of The Capital Market Collapse On Public-Private Partnership Infrastructure Projects, Michael Regan, Jim Smith, Peter Love
Impact Of The Capital Market Collapse On Public-Private Partnership Infrastructure Projects, Michael Regan, Jim Smith, Peter Love
Michael Regan
The collapse of capital markets is having an impact of the funding arrangements for economic and social infrastructure projects in Australia. Bearing this in mind, this paper seeks to examine whether the current volatility and uncertainty in capital markets in Australia affects the feasibility of privately financed infrastructure and specifically the public-private partnership PPP method of procurement. This paper examines the role and dependency that capital markets play in funding PPPs, current market conditions, and how they will affect PPP viability. In addition, alternative funding and procurement mechanisms that can be used for short- and medium-term infrastructure deliveries are presented.
Integrating Regional And Infrastructure Planning: Lessons From South East Queensland, Australia, Michael Regan, Bhishna Bajracharya
Integrating Regional And Infrastructure Planning: Lessons From South East Queensland, Australia, Michael Regan, Bhishna Bajracharya
Michael Regan
Economic and social infrastructure provision presents a conundrum for urban planners, especially in high growth regional economies experiencing strong population growth, increasing demand for infrastructure services and limits to their capacity to sustain long-term investment strategies. This chapter considers the South East Queensland (SEQ) regional economy and the policy decisions taken in recent years to embed and integrate both regional planning and regional infrastructure investment strategies through the statutory SEQ Regional Plan and SEQ Infrastructure Plans and Programs. This case study examines the benefits from this integrated approach as well as the challenges facing the region. Some of the benefits …
Infrastructure Procurement: Learning From Private - Public Partnership Experiences 'Down Under', Michael Regan, Jim Smith, Peter Love
Infrastructure Procurement: Learning From Private - Public Partnership Experiences 'Down Under', Michael Regan, Jim Smith, Peter Love
Michael Regan
The public - private partnership (PPP) market in Australia is considered to be sophisticated and mature. Yet there have been several major failures that have occurred with economic infrastruc ture projects. Building on the experiences of Australia, we examine the underlying concepts of PPPs and the pertinent issues that have arisen during the procurement of infrastructure projects. Lessons learnt from implementing PPPs with respect to risk allocation, certainty, incentives, intergenerational equity and fiscal sustainability, and the cost of capital are identified and discussed. We conclude by suggesting that future research should focus on examining how PPP delivery can be improved …
Critical Foundations: Providing Australia’S 21st Century Infrastructure, Michael Regan
Critical Foundations: Providing Australia’S 21st Century Infrastructure, Michael Regan
Michael Regan
Extract:
Infrastructure is undoubtedly the least understood of the major asset classes in Australia. A tradition of public ownership and operation, its status as a public good and a lack of information about its investment characteristics in both public and private hands has contributed to limited recognition of its role in national and regional economies. However, this situation is changing. A coincidence of political, economic and financial events in the lead up to the worldwide economic recession of the late 1980s and Australia's microeconomic reforms of the 1990s b[r]ought into sharper focus the central role that infrastructure plays in both …