Do they ever need this!
The federal government and a handful of provinces share a particular fondness for public-private partnerships. Now they are hoping that cities will share the same affection.
The affinity for public-private partnerships (P3s) comes from the benefits that P3s have over traditional procurement methods in the delivery of infrastructure: transferring of key risks to the private sector, project management and the ability to deliver on-budget and on-time, considerations over an asset’s lifecycle costs, and paying for performance only when the private sector has delivered.
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