CANADA
With a long list of other ongoing projects , it would seem the private sector is eager to do business in the sector despite the risk that the P3 model transfers to them .
“ These are business opportunities for them ,” McBride said . “ They are experts in their field and they ’ re experts in knowing how to assess and manage these types of projects and risks . They ’ re certainly doing it because they see it as a profitable enterprise for them . And there ’ s value for taxpayers because they ’ re better at doing it than the public sector is . So it ’ s a win-win situation . They can earn business revenues and profits and the governments can reduce risk and get better value .”
A far cry from the days of five years ago when the organization was new and McBride was the only employee — there are now around 60 — McBride ’ s main focus now that PPP Canada is staffed by experts is to raise awareness of the benefits of the P3 model throughout Canada . While the organization ’ s successes are many , McBride is looking to the future .
“ I ’ m hopeful that by the end of the next five years , all jurisdictions in Canada will be participating in P3s ,” he said . “ And that we will have made entries into new sectors of infrastructure . I think that in the next five years people are going to be starting to see more and more of the good results of P3s — on-time and on-budget .
Company Information
INDUSTRY
Federal Crown corporation
HEADQUARTERS
Ottawa , Ontario , Canada
FOUNDED
2008
The Government of Canada has committed to supporting innovative public infrastructure projects , using the Public-Private Partnership ( P3 ) model that deliver maximum value for Canadians , stimulate the economy , create jobs and support long-term prosperity . To this end , it created PPP Canada , a federal Crown corporation , with an independent Board of Directors reporting through the Minister of Finance to Parliament .
www . p3canada . ca 53