PART III - BRINGING BUSINESS ON BOARD

Recently, there has been increased talk about the need to bring the private sector on board to assist in the country's infrastructure challenge. Here, we're not talking about governments selling assets, although in some instances privatizing may be the optimal route to take. We are referring instead to partnering with the private sector in the operation and provision of public infrastructure, and in doing so, sharing the risks, costs and rewards of developing large projects. There is no doubt that public-private-partnerships (P3s) are complex arrangements that require careful planning and execution. But, while they have been used only sparingly in Canada, other countries around the globe have demonstrated that if P3s are pulled off right, they can be a valuable part of the overall solution to addressing the infrastructure gap. In the following section, we summarize the key themes presented in Annex 3, which is entitled Better Leveraging the Benefits of Public-Private-Partnerships.

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