Prizes & Awards
Winner of 2011 EFMD Case Writing Competition, Public Sector Innovations Category
Aquasure - a consortium formed by Macquarie, Degremont and Thiess - won the concession to finance, build, maintain and operate the A$5.72 billion Victorian Desalination plant under a public-private partnership initiative known as Partnerships Victoria. Financing took place during the period of the global financial crisis and there was a subsequent political backlash.
The structure of project finance; how risk is allocated and mitigated within the structure; the pros and cons of public-private partnerships; the discount rate as a measure of the transfer of risk; political risk in PPP.
- public-private partnership
- Partnerships Victoria
- project finance
- global financial crisis
- public sector comparator
- discount rate
- transfer of risk
- political backlash
- Q31112
- Corporate Governance
- Auditing, Risk Control and Performance
