Transport committee  Absolutely.

Transport committee  That's by the volume and the quality of the pipeline of projects, the number of jurisdictions that are involved, and the number of sectors. Why has it happened? That's for a variety of reasons. One is the creation of public sector expertise to do that, and leadership at the provi

Transport committee  If you're a municipality, first of all I'll tell you to phone us and we'll talk to you. We run annual investment rounds, so we'll take applications, and within three months we'll tell you, broadly speaking, whether or not your project makes sense as a P3. Then we will take you

Transport committee  I can say that we definitely take a look at the public benefits of the project and those include environmental criteria. When it comes to detailed performance specifications like that, there is a question that the mayor raised about exactly who should dictate what performance spe

Transport committee  That's what we're here for. Number one, we're a source of expertise for all levels of government, if you want advice on whether something makes sense as a P3. That's why I say that, yes, we provide funding to projects, but I think if you asked the municipalities.... We've worked

Transport committee  Well, I haven't been in one yet that's gone badly, but I know of ones that have gone badly, that people thought were P3s. I guess that goes a bit to the definition. If you have a properly structured thought-through P3, what does it mean to go badly? If you had a problem, the priv

Transport committee  There are two others that I would know. They're sort of in the sphere of risk, or at least one is. One is contractual interface risk. In the normal process you would issue a contract for somebody to design it. Then you would take that design and you would issue another contract

Transport committee  The P3 Canada fund is a fund to help encourage learning about P3s. As the P3 Canada fund it only funds P3s, so that's certainly true.

Transport committee  There is the building Canada fund and it's $1 billion out of $55 billion. It's about helping people to learn. The federal government is helping to teach new ways of doing infrastructure while they're continuing to support with $54 billion of other funding. There are lots of oppor

Transport committee  You can learn theoretically, but to a certain extent you have to learn by doing as well. You have to experience the process to know the benefits. You can have a presentation, but I would argue you need to learn by doing as well.

Transport committee  It brings discipline. I put my money behind the fact that I'll deliver the project. If I don't deliver, you don't have to pay me. I'll put $500 million behind the fact that I'll deliver. That focuses the mind.

Transport committee  We are a P3 fund. With your example of Regina, the Regina city council unanimously endorsed a P3 approach to doing it—if you're referring to their waste water treatment plant, which we did support—based on an analysis they did that determined, based on the costs and the benefits,

Transport committee  We have a methodology, which is published on our website, about the process we go through. We will go through all the risks of a project—which are appropriately transferred to the private sector, what we evaluate them to be worth—and on the other side of the equation we will take

Transport committee  We would benchmark, say, financing costs against parallel transactions that have already been executed in the market.

Transport committee  We do that kind of analysis. It's very deep analysis on those kinds of things. We're talking about projects that are hundreds of millions and billions of dollars. To spend the time to do that analysis is well worth it.