Improved PFI/PPP service outcomes through the integration of Alliance principles

This paper explores management and governance of private finance initiatives/public private partnership (PFI/PPP) projects via the integration of Alliance concepts into the typical concession agreements. In this context, appropriate governance is defined as achieving and improving long-term service outcomes. This paper presents the findings of a study that has investigated aspects of contract structure, risk management and those features of concession agreements that drive service behaviour. The study entailed industry surveys and the analysis and comparison of infrastructure projects in Australia. The findings give rise to contributions and impediments to the successful governance of PFI/PPP projects through structuring agreements to achieve improved value for money.