Budget's Long-Term Infrastructure Investment and Commitment to P3s Will Deliver Value to Taxpayers

TORONTO, March 22, 2013 /CNW/ - The Canadian Council for Public-Private Partnerships (CCPPP) commends the federal government on its commitment to predictable long-term infrastructure funding and the recognition that public-private partnerships (P3s) play a key role in delivering value for money to taxpayers.

"A 10-year commitment provides assurance that funding will be there to build Canada's much-needed infrastructure for the long term, an essential contributor to growing Canada's productivity, economic prosperity and global competitiveness" said Mark Romoff, President and CEO of CCPPP. "The renewal of the $1.25 P3 Canada Fund and the requirement that projects applying for federal funding over $100 million go through a P3 screen, demonstrates the priority government attaches to providing value for money and protection to taxpayers."

Mr. Romoff noted that public-private partnerships are an innovative tool available to governments to deliver state-of-the-art infrastructure. "They strengthen our economy and provide Canadians with important public facilities that might otherwise not get built," he said. "With guaranteed maintenance requirements," he added, "public-private partnerships help ensure that assets last longer and cost less over their lifecycle."

Canada currently has more than 180 public-private partnerships valued at over $60 billion. Strong federal support will help ensure Canada remains a world leader in this area and encourages Canadian companies to take their P3 expertise global.

About the Canadian Council for Public-Private Partnerships: Established in 1993, CCPPP is a national not-for-profit non-partisan, member-based organization with broad representation from across the public and private sectors. Its mission is to promote innovative approaches to infrastructure development and service delivery through public-private partnerships with all levels of government. The Council is a proponent of evidence-based public policy in support of P3s, facilitates the adoption of international best practices, and educates stakeholders and the community on the economic and social benefits of public-private partnerships. The Council organizes an annual conference that is recognized internationally as the premier forum bringing together senior government and business leaders in the P3 community at which the most successful Canadian public-private partnerships are celebrated through CCPPP's National Awards for Innovation and Excellence.

SOURCE: CANADIAN COUNCIL FOR PUBLIC-PRIVATE PARTNERSHIPS

Jeff Bowden
Communications Consultant
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