Prime Minister Stephen Harper’s government is working to make Canada a “leader in P3s”, the 2011 federal budget affirms.
According to the budget, introduced today (March 22) by Finance Minister Jim Flaherty, the Conservative government established PPP Canada Inc., a Crown corporation, in 2008 in order to increase the “effective use” of public-private partnerships in the country.
Now, the federal government is “taking steps” to strengthen the role of PPP Canada, which manages the P3 Canada Fund, an infrastructure fund dedicated to public-private partnerships.
The budget states:
Going forward, federal departments will be required to evaluate the potential for using a P3 for large federal capital projects. All infrastructure projects creating an asset with a lifespan of at least 20 years, and having capital costs of $100 million or more, will be subjected to a P3 screen to determine whether a P3 may be a suitable procurement option. Should the assessment conclude that there is P3 potential, the procuring department will be required to develop a P3 proposal among possible procurement options.
Departments will also be encouraged to explore the potential of P3 approaches for other types of projects and procurements of services.
The budget notes that the new $966-million headquarters of the Royal Canadian Mounted Police’s E Division is being built in Surrey as a P3.
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