The P3 model is therefore a contract structure that is designed to manage availability payments—these are largely for infrastructure paid for by taxpayers—and to get efficiencies in the construction and operation of the asset. It is completely distinct from the upstream financing and project development of an asset within a partnership model, which may or may not be more risky, generally speaking.
The objective would be to find projects that are in that sweet spot of being revenue-generating—not “availability payment”, which largely means taxpayer-funded—and that are not so risky that it's not in the public interest to do them, but for which there's enough such interest for some strategic support from the Government of Canada to support the project, which would have been funded perhaps by all taxpayers, that it is in the public interest to then manage the risk in that project.
Just to conclude, once that project is determined and there's a partnership structure in place, the party can, as the project stewards, say, we'd like to use Infrastructure Ontario or Partnerships B.C. to help in using the procurement model for building the project.
Really, they're separate distinctions.