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How to make a partnership pay its way

By Edward Blakely - posted Wednesday, 8 March 2006


Even if Sydney does not grow in population, the infrastructure is old and tired. We need new schools, better parks, faster trains and buses, and a long-term water supply. If Sydney is to be a competitive city, it will take investment in more places in the metropolitan region, and not less funding.

Public-private partnerships are a good device to get what we need today and pay for it tomorrow, using the wealth future generations will create. Most of us do this when we invest in a home.

These partnerships have the added benefit of allowing superannuation funds to invest in Australia and leave a real legacy of assets for our children and grandchildren without burdening them with heavy debt.

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If government follows the four simple rules outlined above, very little can go wrong. We can make a stronger and better city through these partnerships and ensure Sydney's future as the best place in the world to live.

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First published in the Sydney Morning Herald on March 1, 2006.



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About the Author

Edward J. Blakely is Honorary Professor of Urban Policy at the United States Studies Centre, Sydney University. Professor Blakely is an international expert on urban planning and development and most recently head of recovery in New Orleans. He also served as the Chair of the Sydney Metropolitan Plan Reference Panel 2003-2004. He can be heard on the radio Sunday nights at 8PM on internet radio 1000mikes.com. Blakely City Talk broadcasts the same podcast anytime.

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