The Government has rolled out updated guidance for Public–Private Partnership (PPP) projects, signalling a refreshed and more ambitious approach to partnering with the private sector on major infrastructure.
For a development sector hungry for clearer rules, faster pipelines, and smarter delivery, this is very welcome news.
You might remember the PPP Blueprint released in November 2024, which set out the Government’s refreshed approach to future PPPs, based on lessons learned here and abroad.
The new Treasury guidance builds directly on that Blueprint. Key updates include:
- Clear direction on when and how agencies can reimburse bid costs;
- Guidance on validating price estimates during procurement, giving agencies better due diligence tools and ensuring final contract prices reflect real market conditions;
- More adaptable rules, including options for split or staged completion;
- Clear expectations for the capability agencies need to have before attempting a PPP;
- Guidance on when Crown capital contributions can be used to improve project outcomes; and
- A big win: PPPs can now be expanded or augmented on a case-by-project basis, as long as value for money is demonstrated. This mirrors Australian practice and supports more flexible asset-life planning.
For more information, see the updated Treasury guidance, here.
Author | Bella Leddy
As an Advocacy Advisor, Bella supports the development of policy and advocacy initiatives that reflect the real-world experience of our members.
With a Bachelor of Laws and Politics from Otago University and previous experience as a policy intern at the Department of Internal Affairs, Bella brings both a sharp analytical mind and a genuine passion for public policy. She’s particularly energised by engaging with members to ensure our advocacy is grounded in industry insight and practical solutions.
Extroverted, thoughtful and service-focused, Bella thrives in roles that connect people and ideas. Outside the office, she channels her energy into teaching group fitness classes – including yoga, pilates and spin – and is always up for a good political yarn.
