Clark says her goal isn't to maximise the amount of private capital going into infrastructure - in some cases, private financing is not the best delivery option - but to optimise it.
"We can take advantage of the low cost of borrowing that we have here to reduce the impact of the cost of private financing while still getting the benefits from it," she says, referring to British Columbia's AAA credit rating. British Columbia has done that by providing payments toward some projects, which reduces the overall amount of private sector capital needed. These so-called "provincial milestone payments" are being used, for example, on the South Fraser Perimeter Road project in Metro Vancouver.
Going forward, Clark expects to continue to see a strong project pipeline in British Columbia. "Over the next few years it's anticipated we're going to probably have three-to-four a year [PPPs]," she says.
"We see right now more health and transportation, we see more possibilities in energy and wastewater, possibly even waste to energy," she says. "Those are certainly all good applications."