CANADA to 14 municipalities , which make up 68 % of the Fund ’ s overall portfolio . Most notably , 12 of these municipalities were first-time entrants into the P3 market . The entry of municipalities into the P3 market has created demand for a wider range of assets , including water and wastewater treatment facilities , public transit projects , and solid waste management assets .
The way forward The ongoing success of the Canadian market has been recognized internationally . With strong capital markets , legal frameworks , private sector experience and capacity we expect the Canadian P3 market to remain resilient .
In the 2013 Economic Action Plan , the federal government renewed the P3 Canada Fund with $ 1.2B over the next 5 years . It went further announcing that all applications to the New Building Canada Fund will be subject to a P3 screen if eligible costs are estimated at $ 100 million or more . These announcements underscore the federal government ’ s commitment to ensuring maximum value through the effective use of P3s and will no doubt have an impact on the number of projects brought to the market moving forward .
PPP Canada remains in a unique position to help formalize best practices and push for greater transparency with respect to P3 projects and the Value for Money they generate so we can continue to lead by example .
Company Information
Industry
Federal Crown corporation
headquarters
Ottawa , Ontario , Canada
founded
2008
www . p3canada . ca 47