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- W3399403 abstract "nnnnn There has been much written about privatisation and the provision of public infrastructure as separate fields of interest, however comparatively little has been written about privatised infrastructure. The continuation of the trend towards privatised infrastructure is reliant on both the underlying trends of privatisation and the run down of infrastructure and its funding. This paper examines both of these underlying trends independently and looks at their common grounds. nnnnn The paper focuses on economic infrastructure rather than social infrastructure and limits discussion to mainly economic and business issues. In addition the paper concentrates on new opportunities rather than old assets, as the process and issues relating to development of an new infrastructure project are materially different to those of public asset sales. nnnnn The two major recent reports to the Commonwealth Government, by the Langmore Committee and EPAC, identified Corporatisation and Privatisationd as alternate structures for the provision of economic infrastructure in Australia. nnnnn Corporatisation as a structure for public provision of infrastructure has the following problems: nnnnn b flawed rationale;nnnnn b corporatisation is not a substantive change but rather a different set of administrative procedures;nnnnn b discrepant reporting requirements place public sector managers in an untenable position; nnnnn b performance benchmarks are artificial; nnnnn b lack of competition in infrastructure provision; andnnnnn b funding shortfall is not addressed by corporatisation.By comparison franchised infrastructure has the following features:nnnnn b most importantly it introduces competition into infrastructure provision, even if only in the capital market;nnnnn b it addresses the funding issue;nnnnn b by opening areas of exclusive public operation it improves allocative efficiency;nnnnn b it increases options for the community as a whole;nnnnn b it provides better performance comparisons to public sector suppliers nnnnn Whilst some State governments have produced guidelines for private sector provision of infrastructure to encourage such developments, there still exists impediments in government policy to franchised infrastructure." @default.
- W3399403 created "2016-06-24" @default.
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- W3399403 date "1991-01-01" @default.
- W3399403 modified "2023-09-27" @default.
- W3399403 title "Is franchised infrastructure desirable" @default.
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