Finance committee  As an academic, I ask myself that all the time. My students and I are desperate for information to provide the real evidence of how these projects are performing, both in the PPP space and the traditional space. How do they compare? What are the comparable experiences in terms of

Finance committee  That would be one opportunity for transit to link transportation and land use much more closely. Internationally, when we look at cities such as Hong Kong or Singapore, or cities in Japan, we see that they've really benefited by linking the development of new public transit in pa

Finance committee  That's the key. If you have new revenue sources, whether they're development revenue sources, user fees on the asset itself, or other types of revenues that come from sources other than government, it is additional money, and it is potentially increasing the size of the pie. It's

Finance committee  In the bill I think there's a notion of a centre of excellence around infrastructure and data collection, and I think we shouldn't downplay how important that is. We need to get smarter in how we pick projects and then how we learn from our experiences and take them forward. I th

Finance committee  On your first point, we already have institutions whose role at the provincial level is to lower borrowing costs. Six or seven provinces already have municipal borrowing corporations. They recover at least some of their costs by charging a small premium on their borrowing to the

Finance committee  I would actually see them as different models on a continuum. You can think of project delivery being on a continuum from greater public sector responsibility to greater private sector responsibility. Traditional build sits at the public end, and full privatization sits at the pr

Finance committee  I think that's right, and I think these are going to be the projects that really push the boundaries but have the potential for very high rewards. In the P3 models that we've seen in Canada, the goal in the P3 is to optimize private finance, not to maximize it, because private fi

Finance committee  My question in this is what the ultimate funding source for it will be, not the financing of where the upfront money is going to come from, but the ultimate long-term funding, keeping in mind that these projects will have ongoing operating and maintenance costs that have to be co

Finance committee  My name is Matti Siemiatycki, and I am an associate professor of geography and planning at the University of Toronto. I've spent the last 15 years studying infrastructure, with a focus on public-private partnerships. Over the last year, I've been delving into this idea of an infr

Transport committee  Yes.

Transport committee  I would first ask, who's evaluating the successful applications, and on what basis? I think when organizations are specifically focused on P3s, their lens is to look for projects that suit the P3 model. That can also encourage those who are doing the applications to try to tailor

Transport committee  I would echo a lot of what Mr. Toderian said. I think the role of the federal government is to support the priorities of our regions but also to have criteria to make sure that the projects that are being invested in are delivering a return on investment, at the very minimum a co

Transport committee  The risk of projects going over budget and of delays, basically. What happens is by bundling construction and design and then having finance there, what the government does is it transfers the risk of project cost overruns so that if something happens and the cost of that escalat

Transport committee  It's the ultimate if. It's the big question. There's been a view that government doesn't do a very good job on this, and I think we could all point to projects on which they haven't done well. What we don't know is how we do not just on the sort of high-profile projects that have

Transport committee  What I was getting at with my final point in my comments was that data is key. These projects put out a digital exhaust, a data exhaust. There is tons of information, and I think we could be using it to analyze performance and best practices. I think the federal government could