This report provides an evaluation of the Ravenhall Prison Public Private Partnership (PPP) project in West Melbourne, focusing on its effectiveness in terms of public interest, stakeholder relationship management, value for money, and whole life costs. The project, involving the construction of a new men’s prison with a 1000-bed capacity and a forensic mental healthcare unit, is analyzed using an evaluation framework that considers safeguarding public interest, achievement of value for money, risk sharing management, whole life costs, and stakeholder relationships. The report highlights the project's potential to create jobs, adhere to human rights, and improve prisoner rehabilitation through outreach programs, while also addressing the importance of transparent procurement processes and comprehensive cost-benefit analysis in assessing the true value of PPPs. It further emphasizes the significance of risk allocation to the party best suited to manage it and the consideration of whole life costs for long-term sustainability and economic viability.
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