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Development of PPPs IN Victoria
Author(s) -
Maguire Glenn,
Malinovitch Arseni
Publication year - 2004
Publication title -
australian accounting review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.551
H-Index - 36
eISSN - 1835-2561
pISSN - 1035-6908
DOI - 10.1111/j.1835-2561.2004.tb00226.x
Subject(s) - private finance initiative , accounting , business , private sector , finance , public funding , public administration , economics , economic growth , political science
Governments around Australia and internationally have come to recognise that both public and private sectors have roles to play in building modern public infrastructure. Governments are increasingly turning to mechanisms known as public‐private partnerships (PPPs) or the private finance initiative (PFI). 1 The nature of PPPs and the reasons governments use them have evolved over the past 20 years and are continuing to do so. This article describes the evolution of PPPs in Victoria since the late 1980s, the accounting treatment of PPPs and future developments.