Public Private Partnerships: Public Private Dialogue Ir James Y C Kwan President Hong Kong Institution of Engineers
Public Private Partnership (PPP) first in UK in 1990s
PPP in Hong Kong • First mentioned few years ago following the accumulated budget deficit after the Asian financial crisis • PPP Infrastructure Delivery Models � Design-Build-Finance-Operate (DBFO) � Operation & Maintenance (O&M) � Build-Own-Operate-Transfer (BOOT)
Successful Hong Kong PPP Tsing Yi Chemical Waste Treatment Plant Cross Harbour Tunnel Tsing Ma Control Area
However… Western Harbour Crossing River Trade Terminal
PPP in Hong Kong
PPP route or not? Offload Financial Burden? Transfer / Share Risk? Government
PPP route or not? Guarantee Stable Income Stream? Any Government Incentives? Enhance Value of Property Development? Private Sector Partners
West Kowloon Cultural District Hot topic:
PPP route or not? Gain Better Provide Better Value? Facility or Service? Affordable? End-users
PPP route or not? Any Negative Impact on Livelihood? ??? Employees
PPP requires balancing act • Government Government • • Private Sector Private Sector • Partners Partners • End End- -users users • • Employees Employees •
Benefits to all Stakeholders Benefits to all Stakeholders Benefits to Hong Kong Benefits to Hong Kong Infrastructure Improvement Opportunities for Industry Open Dialogue Open PPP
Thank you
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