Western Australia Sets Policy On 'Market-Led' Infrastructure Proposals.
Legal News & Analysis - Asia Pacific - Australia - Energy & Compliance
13 April, 2019
The government of Western Australia (WA) has established a new policy for considering 'market-led' proposals aimed at delivering new infrastructure.
The new policy, which is due to take effect on 12 April, "will act as an avenue for industry and will provide a single clear, consistent and transparent process for parties seeking to approach government with unsolicited proposals" concerned with the building or financing of infrastructure, or the provision of goods or services, the state government has said.
Perth-based infrastructure law expert George Varma of Pinsent Masons, the law firm behind Out-Law.com, said: "I welcome the WA government’s decision to join other Australian states and territories in adopting a transparent policy to encourage market-led proposals for infrastructure projects. A collaborative approach between government and the private sector is the best way to drive positive infrastructure outcomes and value for money."
According to the government of WA, proposals will be able to be brought forward by businesses or not-for-profits and that, under the new policy, those proposals will be evaluated by a steering committee. The independently-chaired committee will provide its recommendations directly to the state government's cabinet.
Western Australia premier Mark McGowan said: "WA has not had a consistent or simple process that encourages and facilitates private sector investment in our economy. Our market-led proposals policy creates a more streamlined, innovative way for businesses and government to work together to create a stronger economy and jobs for Western Australians."
"The policy will unleash private sector ideas, providing new opportunities to get projects up and help boost our economy. It will allow government to harness good ideas and promote private sector investment. This is all about helping industry and business to do what they do best via a clear, consistent and transparent process," he said.
"Western Australia has been crying out for a better process to manage unsolicited proposals from the private sector that fall outside the normal competitive processes, but could deliver huge benefits to the state. The market-led proposals policy marks the delivery of another important election commitment that will help grow our economy and create jobs," McGowan said.
This article was published in Out-law here.
For further information, please contact:
Katie Williams, Partner, Pinsent Masons