It's true that P3 projects in general achieve better value, both by delivering on time and on budget. In terms of completing projects, the federal experience so far has been relatively limited. Under the PPP Canada fund, only one project has been successfully completed. Others are under way. The project in question is in Winnipeg. You mentioned the ring road. It's the Chief Peguis Trail in Winnipeg. It did come under budget, and I think it's almost a year in advance. But it's true that the provinces have also had a great experience with their P3 programs.
On May 17th, 2012. See this statement in context.