Bond University has developed a partnered with the Commonwealth Secretariat to deliver a Public-Private Partnerships (PPP) Leadership Program to senior government officials from developing Pacific nations.
The PPP leadership program, running from 20 through 29 April, is designed to increase cost savings and efficiency in public service delivery in the Pacific region.
PPPs are contractual arrangements between the public and private sector over a specific period of time in which the private sector receives payment for delivering a service or building or maintaining an asset.
Dr Michael Regan, Associate Professor of Infrastructure at Bond University, said, “A large number of governments in developing parts of the world are examining alternative service delivery and asset creation models”.
“PPPs are achieving value for money and lowering the cost of public procurement through optimal risk transfer and sharing between the public and private sector, the life-cycle costing of the project, and the encouragement of innovative design and technology,” he said.
“They account for around 10 per cent or less of public capital expenditure in most economies.
“The PPP Leadership Program produces quantifiable and permanent procurement expertise that will benefit infrastructure projects.”
In addition to hosting member governments from India, Malaysia, Maldives, Pakistan, Sri Lanka, Nigeria, Kiribati, Papua New Guinea and Vanuatu. Bond University is also offering annual scholarships for doctoral studies in infrastructure management that will help applicants from developing countries deepen their understanding and expertise in this field.