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Public Private Partnerships: A Way to Efficiency or (and) Better Debt Management?
Demi Chung,
University of Sydney Australia
ABSTRACT: Public Private Partnerships (PPPs) have become a popular public procurement policy in the world since the early 1990s. This paper reveals the experience of the first public hospital delivered under the PPPs model in the State of New South Wales, Australia. Based on a three-level framework, this study shows that the failed experiment was driven by the political desire to reduce public debt and the ideology of a more efficient private sector partner. The finding was consistent with the proposed analytical framework, which predicts that the success of partnerships depends strongly on the integrity of the three-level political system. The extent to which the integrity of this system can be ensured is dependent on the alignment of goals amongst various players. This leaves scope for the state auditor to play an instrumental role in monitoring goal alignment during the implementation process.
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