PPP Canada launches Round Three of P3 Canada Fund
OTTAWA, May 4 /CNW/ - Today, PPP Canada launched Round Three call for
proposals of the P3 Canada Fund, encouraging provinces, territories,
First Nations and municipalities to consider the P3 model for their
public infrastructure needs.
"In today's economy, the combined challenge of infrastructure deficits
and fiscal deficits are driving governments to innovate and get best
value for taxpayers", said Chairman Greg Melchin.
PPP Canada has a mandate to improve and increase the delivery of public
infrastructure by achieving better value, timeliness and accountability
to taxpayers, through P3s. The Fund, originally launched in 2009, has a
continued focus on ensuring that P3 projects are used as best as
possible where appropriate to fulfill Canada's public infrastructure
"As a tool being used globally, P3s are demonstrating their ability to
be a successful means of building public infrastructure. By
considering the whole life-cycle of the project, they provide greater
transparency and accountability", said John McBride, CEO.
The P3 Canada Fund is a merit-based program designed to generate an
increase in P3 public infrastructure. Eligible projects can receive up
to 25% of the direct cost of construction for a P3 project. Deadline
for submissions is June 30, 2011
SOURCE PPP Canada
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