Most important, however, our P3 projects are achieving results. I've already mentioned some typical measures. P3 projects are coming in on time. They're on budget and at less cost, but Canadian projects are delivering economically as well.
We did an assessment of the last 10 years of P3s and found the following results. These projects have created more than 290,000 jobs. They've contributed more than $25 billion to the Canadian GDP, and they've led to $7.5 billion in tax revenues for the federal and provincial governments, and produced $9.9 billion in savings over traditional procurement.
A number of issues are important I think for this committee to consider with respect to the 2014 budget. There are five I have listed here. One is municipal and aboriginal capacity-building. These two communities across Canada are the generation of next projects and they have capacity issues. The model is also complicated for small projects. We need to look at developing a P3 light model. I mentioned Canadian expertise, and I think the opportunity is excellent now to go global with our capability, and we're working with government on that. We're very focused on the next generation of talent, including women and infrastructure, young leaders and infrastructure, and students across the country to ensure they can come out of those institutions ready to go.
Finally, Mr. Chair, I would mention that it's important for the Government of Canada to address the P3 funding disincentive, which is a product of the different allocation of funding depending on whether you make application through the new Building Canada fund or the P3 Canada fund, because one provides funding up to 33%, and the other only 25% so it disadvantages P3s.
I'll finish by saying that we commend the Government of Canada for the long-term infrastructure plan, which is a huge move in the right direction. The new Building Canada fund and the replenishing of the P3 Canada fund are outstanding initiatives. We continue to find the government a great partner for us.