News Wire (EMD); Matrix Consortium; P3 Canada; Questions and Answers; Q5. What are the benefits of public-private partnerships? A. They offer three major benefits: cost-savings, time-savings and they transfer much of the financial risks associated with public infrastructure away from the taxpayer.
From the P3 Canada Web Site;
The Government of Canada is committed to supporting the adoption of P3 procurement where they can deliver better value for money than traditional procurement.
P3s deliver value by:
- Ensuring on-budget, on-time delivery of public infrastructure by leveraging the expertise and innovation of the private sector;
- Guaranteeing greater accountability and high performance standards by the private sector, who take on the responsibility for any cost overruns, delays or performance issues over the assets life;
- Reducing public sector risks by transferring to the private partner those risks that can be better managed by the private partner; and
- Allowing governments to deliver capital projects faster, making use of the private partner’s increased flexibility, innovation and access to resources.
- Read more…
See What the Canadian Government and Conservative Prime Minister Stephen Joseph Harper really are doing to help Communities get greater value for money, today.
Contact: Matrix Consortium Community Support Services Group today with questions.
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