With growing financial and political pressure on municipalities to use P3s, this guide is a timely resource that answers key questions about financing and delivering infrastructure projects. With this guide, municipal councillors and civic officials will be able to ask the right questions before considering entering into a P3. For more information, to download the READ MORE
Forensic accountant, Ron Parks has co-authored a report that evaluates four P3 projects completed in BC, The Canada Line, Sea-To-Sky Highway improvements, the Diamond Ambulatory Care Centre and the Abbotsford Regional Hospital for their financial costs. His findings show that P3’s are substantially more expensive than the public option due to hidden costs. While publicly READ MORE
}At the Union of BC Municipalities conference, municipal leaders passed the Blue Communities resolution, “the resolution asks for the federal government to provide funding for public water infrastructure and delivery projects and “unhook” funding for water infrastructure and maintenance projects from public-private partnerships (P3s).” Most BC municipalities have publicly owned water facilities and leaders want READ MORE
“P3s are complicated and politically contentious. They shift the role governments play in the delivery of public services and infrastructure,” says Charley Beresford, Columbia Institute’s Executive Director. “On balance, our research shows that P3’s do not support the public interest.” columbiap3_eng_v8-webpdf.pdf
P3s, or public-private partnerships, have funded major projects such as the Canada Line and the Abbotsford Hospital. Some, including the Campbell government, say that P3s save taxpayers millions in building costs. Critics however argue that P3s cost taxpayers more in the long run, and projects should be government financed. Read more about each side of READ MORE
In the aftermath of the recent economic recession, many U.S. state governments are tempted to follow Chicago’s successful use of P3s to raise money. P3s, or “public-private partnerships” hand public assets to private businesses to run them as profit enterprises. P3 critics however argue that states will subjecting taxpayers to higher costs and greater risks READ MORE
Municipalities have been under pressure to use private partner financing and P3 arrangements that are difficult to acurately assess for risks, given the provisions for secrecy in both negotiations and contracts. A recent study of P3s in British Columbia examined the costs of private financing of public projects and found that public financing is less risky READ MORE
What was once billed as a win/win deal for the provincial governmnet, the school board and the devloper who built Augusten school in Abbotsford is turning out to be a financial burden for taxpayers. Augusten, BC’s first and only P3 school is costing taxpayers an additional $2 million due to a leaky envelope. Read more here .
Last December, Moshe Safdie, the world-renowned architect made headlines when he resigned from the McGill University Health Centre hospital project. Safdie cited the government’s decision to move ahead with the project as a P3 as a main factor in his decision stating that in his experience P3s restrict innovation. This story gave us a glimpse into some READ MORE
A poll released by the Canadian Union of Public Employees (CUPE) in May 2008 shows that that majority of Canadians prefer that municipal services remain in public hands. The 1,004 random participants in the survey were given nine public services and were asked who they would trust more to provide the service: municipal government and READ MORE
This is a great article by Craig McInnes of the Vancouver Sun. In it, he questions the veracity of claims that provincial public debt has been reduced. In reality it is simply being replaced with other payment obligations such as those contained in P3 arrangements. To read it click here .
P3s made headlines across the country this week. Newspapers in Halifax, Montreal, and Edmonton all carried pieces that questioned the supposed benefits of the P3 model. Last week the Globe and Mail Business Section also featured a piece that challenges the federal government’s current P3 push. Here are the links to the articles: P3 Schools’ Budget Doubles Edmonton Journal Architect Erases Himself from Hospital Design The Gazette, Montreal Beware P3 Rec Centres, Says Ottawa Councillor Edmonton Journal Why the Rush on P3s? Globe and Mail READ MORE
This resource guide sheds light on the complex P3 world and contains tools and information for community leaders. On balance, our research shows that the Design-Build-Finance-Operate relationship termed P3 has significant downsides for the public interest. P3s are complicated and contentious. They shift the role governments play in the delivery of public services and infrastructure. READ MORE