Olivia Mitchell
Question:32 Ms O. Mitchell asked the Minister for Finance if he has satisfied himself with the performance of PPP projects to date; and his expectation for expenditure funded in this way in 2005. [24602/04]
View answerThursday, 14 October 2004
Questions (35)
Written answers
Public private partnerships have an important role to play in addressing our infrastructural needs. While the performance of individual PPP projects is a matter in the first instance for the Minister with primary responsibility for the areas to which these projects relate, the initial programme of projects was a pilot phase and the lessons learnt have been incorporated into guidelines issued by my Department. We are still learning and will keep our processes and procedures under review.
A major change in the financial treatment of capital spending was initiated in budget 2004 with the introduction of five year capital investment envelopes. These included significant provision for PPP-NDFA funded investment. The allocations in these envelopes for expenditure in 2005 will be reviewed in the normal manner, in the context of the formulation of the budget.