JAMES FLAHERTY INTERVIEW
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The creation of a nationwide organisation to oversee and promote PPPs was part ambition, part pragmatism, according to Canada Finance Minister James Flaherty. He also reflects on the rationale and successes of PPP Canada Fund
Flaherty: increased funding not sole remedy
IN 2008, CANADA'S Ministry of Finance created PPP Canada, the country's first Federal-level organisation devoted to promoting public-private partnership (PPP) projects and best practices nationwide.
James Flaherty, the man in charge, shares his views on what motivated the organisation's creation and what he hopes to accomplish.
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- HOW DID THE FINANCIAL CRISIS IMPACT THE CANADIAN GOVERNMENT'S OUTLOOK ON INFRASTRUCTURE INVESTMENT AND PPPS?
- WHERE DID THE IDEA COME FROM TO CREATE A PPP FUND AND PPP CANADA?
- WHAT PERCENTAGE OF CANADA'S TOTAL INFRASTRUCTURE NEEDS CAN BE MET SOLELY WITH FEDERAL SOURCES SUCH AS THE GAS TAX?
- HOW MUCH TOTAL INVESTMENT IN INFRASTRUCTURE DO YOU HOPE TO LEVERAGE WITH THE $1.2 BILLION?
- WHAT ARE THE STRINGS THAT ARE ATTACHED TO PRIVATE INVESTORS WHEN THEY LOOK TO ACCESS A PORTION OF THAT $1.2 BILLION?
- FROM A FEDERAL PERSPECTIVE, WHAT ARE CANADA'S PRIORITIES FOR INFRASTRUCTURE DEVELOPMENT?
- THE PPP CANADA FUND HAS GENERATED STRONG INTEREST FROM MUNICIPALITIES FOR SMALL, LOCAL PROJECTS. WAS THIS YOUR INTENDED AUDIENCE?
- HOW WILL YOU GAUGE THE SUCCESS OF THIS FUND 5 OR 10 YEARS FROM NOW?
- WAS IT A HARD SELL GETTING THE LEGISLATURE TO BACK THE IDEA OF A FEDERAL PPP OFFICE?