Government Operations committee  I think the quote there really speaks to the need for transparency, and it speaks to the need for a study that is publicly available, that really measures those issues of risk, because the potential is there to see it as the place where you can put in your preferences for whateve

Government Operations committee  I would say that was the conclusion of our study. That number is critical.

Government Operations committee  We looked at lots.

Government Operations committee  That was a sample from Ontario of 27 projects. We've actually studied the geography of these projects based on a thousand projects worldwide. I've done case studies of projects in Australia, the United Kingdom, and the United States. The methodologies vary depending on the types

Government Operations committee  Canada certainly has unique models. I think one of the things the world notices when they look at Canada is that we tend to do design-build-finance. We haven't used the operations and maintain part of the concessions to the same extent as other places. It's that operations and ma

Government Operations committee  Yes, certainly those are some of the countries.

Government Operations committee  There has certainly been an evolution in the rationale for this. This idea of public-private partnerships bringing new money was in large part seen as a way also of holding public investment off the government books. It was a bit of an accounting mirage that was used in the Unite

Government Operations committee  We took the value-for-money reports and we tried to understand...we compared the conventional-build projects with the PPP projects. The 49% was added on to the conventional-build projects. That was the expected risk of delivering it to the government, of delivering it through the

Government Operations committee  There are different types of risk premiums. If I understand your question correctly, yes.

Government Operations committee  We were concerned that we couldn't find the technical evidence. We read through the Infrastructure Ontario briefings and their methodologies. We understand that perhaps studies were done to assess that. There are reports online, but they don't give the details of how those were a

Government Operations committee  To agree with your previous speaker, public-private partnerships really sit on a spectrum of procurement approaches. It's really in the way the contract is designed and the way the bundling is carried out. I guess we've observed a few things, and one is in terms of the procurem

Government Operations committee  This idea of innovation and efficiencies has been an important one put forward for public-private partnerships. I think you articulated the argument quite accurately: if you have the private sector at the table and they have an incentive to maintain the facility over an extended

Government Operations committee  I think there is always going to be difficulty around making policy for the long term. That's the challenge you all face, being politicians. Really, the key has often been seen to be to build flexibility into the facilities we're building so that they can change over time. The

Government Operations committee  It's Siemiatycki.

Government Operations committee  You got it, yes.