Finance committee  Some projects may be funded entirely by the Crown. As I was saying, most PPP projects in Canada are paid for by the Crown. In the industry lingo, we say that the Crown takes on the financial risk. It guarantees payments to the private sector. It is important to mention that those

Finance committee  A key aspect of P3 is retaking the whole life-cycle cost of an asset. Let's say it's a road and it would be built to last for 40 years. The government is fully aware of what the costs are over 40 years and contracts out the maintenance of that asset over time. What we see with t

Finance committee  Basically, P3 aims at aligning the incentives in the right way in the interest of taxpayers. For example, when you ask a consortium that's going to be responsible for designing, building, and maintaining an asset over the long term, they can make decisions that will minimize thei

Finance committee  As I said, regardless of the infrastructure project, the funding may come from the government through general revenues, from the user of the asset in question, or a combination of those two. There are many PPP projects where governments make payments for the consortium that will

Finance committee  The main difference between the traditional procurement method and the PPP method is that there is a greater risk transfer toward the private sector in the case of a private-public partnership project. This may mean that, if there are cost overruns compared with the consortium's

Finance committee  There are many elements to your question. In terms of comparing bids, typically a government would decide in advance whether it wants to have an asset tolled, for example, or to have some sort of levy that would be raised against its expenditures. Different bidders would propose

Finance committee  As I mentioned, to fund the delivery of projects under any method of procurement, either governments provide funding or users contribute to the funding through user fees. We have seen a lot of P3 projects delivered without the recourse of user fees, at both the provincial and the

Finance committee  For example, the Government of Ontario is delivering a lot of hospitals with a P3—

Finance committee  There are no announced projects yet in the region of Toronto. There was one announced for Barrie last year. Other announcements will be made over the coming months for projects submitted under round three, so I invite you to stay tuned.

Finance committee  PPP Canada is the government's centre of expertise on P3s. In terms of other jurisdictions that have been seen as leading the P3 delivery method, Australia is one and the United Kingdom is another one. They do look at best practices and lessons learned that have come from the d

Finance committee  Indeed, the primary reason a government would do a P3 is to achieve better value for taxpayers, and by that, the particular jurisdiction would mandate the private sector delivery agent to meet certain performance levels. In the case of a road, that would mean a certain service st

Finance committee  Yes, we have definitely looked at this report. It recommended that the Champlain Bridge be replaced and considered various options. That was an actual pre-feasibility study. The report shows that building a new bridge is justified. The tunnel option was rejected because it was co

Finance committee  Those reports have helped show that there was potential when it comes to carrying out the project as a PPP. However, a number of studies will have to be conducted to determine whether value for money is a possibility. In other words, it must be determined whether a proposal that

Finance committee  To deliver a project under any kind of delivery method, there needs to be a funding mechanism. It's either governments that provide funding or users. In the case of users, it would be a user fee. So for any kind of project, be it a P3 or not, user fees can be considered as a mean

Finance committee  That would be entirely possible. The Auditor General co-audits the corporation's financial statements. The Auditor General has the discretion to audit the corporation's management, administration and various services.