February 19, 2015
Report: What the World Can Learn from Canada's P3 Record
VIEW REPORT
A white paper released today by Service Works Global (SWG) in collaboration with The Canadian Council for Public-Private Partnerships identifies the key factors that have made Canada a global leader in public-private partnerships.
Canada now has more than 220 projects, with those reaching financial close valued at over $70 billion. The white paper identifies the determinants of Canada's P3 success including:
Canada now has more than 220 projects, with those reaching financial close valued at over $70 billion. The white paper identifies the determinants of Canada's P3 success including:
- a stable pipeline
- efficient procurement
- a diverse market for project finance
- a supportive political environment
"The white paper provides essential insight into the growth of the P3 market in Canada. It explains how the extent of the trust between the public and private sector, combined with a strong legal framework and a competitive and efficient market have been some of the key drivers in successful infrastructure development," says Gary Watkins, CEO for the Service Works Group of Companies. "Service Works is delighted to have collaborated with the CCPPP on this publication."
"As this white paper demonstrates, Canada is an international leader in the successful use of P3s to meet our infrastructure needs, and that has had a tremendously positive impact on job creation and economic growth in this country. Our evidence-based research aims to promote best practices in public-private partnerships so that innovative approaches to infrastructure development are achieved in Canada and abroad" adds Mark Romoff, CCPPP President and CEO.
If you would like to receive other research from SWG, you can subscribe on their website.