“There is a lot to learn from Australia’s experiences with Public Private Partnerships – the good, the bad and the downright ugly.”
Tim O’Loughlin, CMU-A Professor of the Practice in Public Policy spoke to a group of leading investors, academics and public officials in Buenos Aires on 13 December. The seminar was sponsored by the Government of Argentina’s Ministry of Finance and the Australian Government’s Trade and Investment Commission.
Prof O’Loughlin began by pointing out that Australia was ranked first by the Economist Intelligence Unit for the practice of Public Private Partnerships (PPPs). Despite its many successes, the country had seen several projects fail in different ways, including one requiring substantial payments to bidders without a shovel being lifted.
The interest among the audience was at a peak as the Government of Argentina has made an unprecedented commitment to raise USD $30 billion for funding the most ambitious infrastructure investment program in the nation’s history.
In thanking Prof O’Loughlin, José Luis Morea, the Undersecretary of Public-Private Partnerships in the Ministry of Finance, observed that the most valuable part of the talk, as well as the 3-day executive program which preceded it, was the focus on the practical aspects of PPP management, governance and analytical methods.
Undersecretary Morea said “our aim is to pick up on Tim’s frank and perceptive insights so that we can apply these lessons to deliver a program for Argentina which is ambitious in both scope and the compressed timeframe set for us by the Government. We will be maintaining a close relationship with CMU-A, looking to it for both training and research as we know it shares many of our priorities.”
Ms Norma Ramiro, Manager of Austrade for Argentina, gave closing remarks and underscored Australian government’s growing partnerships with the Argentinian government and promoting among Australian business community the investment opportunities in Argentina’s PPP program.