Canadian Public Private Partnership (P3) Market Development Moves Forward

The Honourable Jim Flaherty, Minister of Finance, today congratulated PPP Canada for announcing its first call for P3 Fund project submissions.

“Canada aspires to be a leader in public-private partnerships,” said Minister Flaherty. “Innovative tools and approaches for infrastructure financing and delivery are vital for Canada’s competitiveness. Developing Canada’s P3 market through the P3 Fund will help build and maintain the infrastructure Canadians need. ”

The $1.2-billion P3 Fund is the first national fund fully dedicated to P3s in Canada. It will support projects using a range of innovative financing approaches specifically tailored for P3 projects.

The Government of Canada believes that modern infrastructure contributes to economic growth, improves competitiveness, and helps give Canada one of the highest standards of living in the world.

As a Crown corporation, PPP Canada is able to attract the specialized expertise it needs to fulfill its mandate and allow it to work with stakeholders and its provincial counterparts. PPP Canada was recently established to work with the public and private sectors to support P3s and encourage the further development of Canada’s P3 market.

Topics: Canada, economic development, Economy, Governance, market development, Public Private Partnership

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