P3s OFFER UNIQUE APPROACH TO PUBLIC INFRASTRUCTURE DELIVERY, ENSURE GREATER SAVINGS AND VALUE FOR TAXPAYERS

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 needs.

"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

For further information:

Media Inquiries: info@p3canada.ca or 613-947-9480 / 1-877-947-9480

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