Mr. Speaker, the sale-leaseback transaction is a 25-year initiative. While the benefits and costs cannot be analyzed on an annual basis, PWGSC’s 2007 analysis has concluded that the sale-leaseback of the seven buildings represents the lowest cost and best value to Canada over the term of the investment
In addition to providing accommodations to meet government program needs, this transaction transferred ownership risks to the private sector, and the proceeds from the sale of the buildings were used to fund other government programs and priorities.