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Finance committee Best practices in the leading jurisdictions, which I say have been the U.K., Australia, and continental Europe, seemed to coalesce around finding the appropriate role for private capital so that there is an appropriately structured transaction that gives a long-term predictable c
February 18th, 2016Committee meeting
Mark Bain
Finance committee That is part of the Canadian model. The private sector will have access to a piece of land or perhaps to a facility for a period of time to carry on its operations, but ownership and control of the facility remain with the government.
February 18th, 2016Committee meeting
Mark Bain
Finance committee It could be that way. That's not part of the current Canadian model, but anything is possible. Any configuration is possible.
February 18th, 2016Committee meeting
Mark Bain
Finance committee What we would usually see in the Canadian model is that we'd call what you're talking about closer to privatization, which would, say, be beyond the bounds of public-private partnership. But any configuration of the public and private sectors owning, operating, and providing serv
February 18th, 2016Committee meeting
Mark Bain
Finance committee That's correct.
February 18th, 2016Committee meeting
Mark Bain
Finance committee It's a good question. We're very happy with the success we have had. In order to achieve dramatic expansion, meaning, if to improve is to get more infrastructure delivered, I think we need more private capital at work. That probably means increasing the role of the active repeat
February 18th, 2016Committee meeting
Mark Bain
Finance committee I'm not, to tell you the truth. Clearly there is a Canada-U.S. aspect to it, but the project is at an early stage. A shortlist has been announced ,so I really have not heard recent cost updates.
February 18th, 2016Committee meeting
Mark Bain
Finance committee It's a great conundrum because, of course, we see some of our leading Canadian infrastructure investors, CPPIB, OMERS, OTPP, and the Caisse de dépôt investing huge sums of money overseas and not domestically. You're quite right that part of the reason is they just can't get the
February 18th, 2016Committee meeting
Mark Bain
Finance committee I do feel the small project issue is compounded by the fact that only a small component of the project size is equity.
February 18th, 2016Committee meeting
Mark Bain
Finance committee Thank you for the question. You're right. There is a lot of private capital available. The Fortune 500 companies, of course, have a lot of it. I think they are likely more inclined to reinvest in their own enterprises, but there are many natural infrastructure investors, and th
February 18th, 2016Committee meeting
Mark Bain
Finance committee Well, of the three priorities that you have for economic, green, and social infrastructure, clearly all have short-term economic benefits in terms of construction activity and other activity to get the infrastructure prepared. The long-term benefits, I think, are proven as well
February 18th, 2016Committee meeting
Mark Bain
Finance committee Thank you, Mr. Chair, the clerk, members of the committee, and staff. Established in 1993, the Canadian Council for Public-Private Partnerships is a national, not-for-profit, non-partisan, member-based organization with broad representation from across the public and private se
February 18th, 2016Committee meeting
Mark Bain