Have Your SayAre the transport investment projects and funding schemes being pursued by the government the right priorities?
The PPP Journal
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Very few would dispute that in the 1990s and 2000s the UK was the global leader on PPPs. However in the current decade, the world's governments, including David Cameron's administration in London, are looking at a different market for inspiration on how they can lever private investment into infrastructure and services. Although Canada has had a partnerships market for a long time, it recently cemented its position as the world's frontrunner on what Canucks call 'P3'.
PPP Canada has been tasked with facilitating partnership deals across the public sector. Here, John McBride, the organisation's Chief Executive, talks to the PPP Journal about the role that partnerships have in the country, and how they are being administered.
What are Canada's current infrastructure needs?
There are a couple of things driving the need for infrastructure investment. One is the renewal of a significant amount of infrastructure that was built in the 1950s and 1960s, which is reaching the end of its useful life. More importantly, infrastructure investment needs are driven by growth – both population and economic growth. In terms of scale, the numbers are into several hundred bi... › Read more