CANADA
SRO Dowtown Eastside Vancouver _ BC Housing
fulfilled . Finally , successful P3s adopt a whole life-cycle approach , transferring the risks of some , or all , of the components ( design , build , finance , operation and / or maintenance ) of a project to the private sector and deliver positive Value for Money .
“ Part of the advantage of a P3 is that you ’ re getting the best skill set on the planet with a certain type of expertise to come and help you ,” McBride said . “ If you ’ re building a hospital — a community doesn ’ t normally build a new hospital more than once in a generation . So there usually isn ’ t expertise built into the institution about how to build a new hospital .”
He added , “ It ’ s kind of like building your own house . By the time you get to your third house , you ’ ve learned a lot of lessons , but if you ’ re doing it yourself you ’ re going to pay the cost of your own inexperience .”
P3s at Work in Canada While a relatively young organization at just five years in business , PPP Canada has an impressive portfolio of large-scale projects under its belt . Perhaps its most significant project right now , PPP Canada is acting as the lead P3 advisor on the procurement of a bridge to replace the aging Champlain Bridge in Montreal as part of the St . Lawrence project .
According to McBride , PPP
www . p3canada . ca 51