Public-Private Partnerships Canada launched its fourth call for proposals for the P3 Canada fund today. The organization is hoping to encourage provinces, territories, First Nations and municipalities to consider the P3 model in delivering their public infrastructure priorities.
In this round of applications, PPP Canada will focus on public infrastructure projects that promote jobs and stimulate economic growth.
The projects include transportation, water/wastewater, solid waste disposal and brownfield redevelopment related projects.
John McBride, CEO of PPP Canada said preference will be given to projects that show significant involvement by the private sector for a project’s life cycle and provide evidence that the project would “deliver value for money when compared to traditional procurement.”
PPP Canada has announced more than $109 million in funding commitments under Rounds one and two to seven projects. Round three announcements are expected in the coming months.
