The deal structures of today are not the same as when Canada originally embarked on its P3 journey in the early 1990s.
Issues around risk transfer, the increasing size and complexity of projects, and moving into new asset classes combined with current market conditions, have put significant pressure on projects in the market and on the model.
In recent years, this has led to instances of fraying collaboration, increased litigation, loss of competition in the market, and delays in projects, which have had a significant impact on our communities awaiting the completion of construction and the start of operations.
Recognizing that the public sector remains committed to infrastructure procurement models that drive value for taxpayers and the keenness of the private sector to innovative and participate in these types of projects, the Council is working with its members to seek solutions and develop opportunities for the next wave of Canadian P3s.
With the Council's unique ability to have both public and private sector leaders at the table, we can work to ensure Canada’s P3 model continues to respond to the needs of our communities, now and for the long term.
New asset classes, current market conditions and global precedents are expanding our definition of what a Canadian P3 can be. Based on extensive research and consultation with government and industry, this pivotal document sets out a series of considerations and eight key recommendations for government policymakers and private sector decision-makers that provide a clear path forward to work together.
The Council and its members are coordinating efforts to encourage the use of the model — where appropriate — and to protect it. Put your hand up and bring your perspective to the table, share your expertise & fine-tune solutions. Help us develop relations with government officials, share your research and data, or consider sponsoring or speaking at our always topical events, round tables and workshops.
Canada’s municipalities own and operate the majority of Canada’s public infrastructure, including roads and bridges, public transit, and water and wastewater systems.
In 2023, Statistics Canada reported core public infrastructure in Canada, excluding hospitals, schools, courthouses and affordable housing, had a total replacement value of $2.1 trillion at the end of 2020. Municipalities owned 61.7% of that total estimated replacement value — $1.328 trillion!
With aging infrastructure, growing populations, and the need to balance operating budgets and manage debt levels in a post-pandemic world, Canadian municipalities are faced with complex, difficult decisions.
With dozens of municipal P3s conducted to date, there is a proven track record in delivering successful municipal assets and services across the country.
The Council's new Municipal Engagement Advisory Group is providing advice to develop a new municipal strategy to raise awareness of P3s to support infrastructure development, asset management & build a project pipeline.
In addition to an excellent slate of provocative panels and keynote speakers at P3 2024, we’re adding a series of intimate workshops where delegates can speak frankly, tease out solutions and help formulate policy that will inform not only the Council’s work but also drive conversations on how best to design, build, operate and maintain critical infrastructure assets across Canada and globally. These workshops, are taking place on Monday, November 4 and space is limited. Topics and workshop registration coming in September.
