Thank you, Mr. Chair.
I would like to thank the two witnesses for being here this morning. This is very fascinating. We are discussing the PPP model from an objective standpoint.
My question is for both witnesses.
We touched on a concept that I find very interesting. We spoke about the transfer or sharing risks, or the transfer or sharing of responsibilities. When it comes to laying out the terms of the contract, I think a distinction needs to be made.
If both parties understand that the risk is to be transferred from the public sector to the private sector, it might be more difficult to establish the terms of the contract. If they are in favour of sharing risks, they might be able to reach a consensus. However, there is still a transfer of risk when contracts are drawn up. It's as though one party shirks certain responsibilities over the long run.
How should the different parties approach the drafting of long-term contracts?
Mr. Loxley, what do you think?