Public\Private Partnerships: Demystifying the Process
|Area||Commercial Real Estate, Procurement, Public/Private Partnerships and Alternative Finance|
The use of public-private partnerships (known as P3s) is now well established in Canada at the federal level and in several provinces, notably Ontario, British Columbia, New Brunswick, and Nova Scotia. Currently, P3s are playing a bigger role in building and capital projects across all areas of government, including power generation, energy delivery, water and wastewater facilities, waste disposal, transportation, communications, education and health facilities, and public service buildings. Recently, its popularity has led to P3s being used more frequently in smaller-scale developments across Canada, such as schools, courthouses, and hospitals. China is moving to adopt the public-private partnership models used in Canada and other western countries.
The experience of Canadian participants in public-private partnerships can be useful in China for the structuring, construction, financing and operation of infrastructure projects. In this article, Don discusses process issues.