Public-private partnerships, both here in Canada and around the world, have proven to be a compelling means to leverage private capital and expertise in addressing critical public infrastructure needs. This paper has only scratched the surface of options available under the P3 model, and governments such as the United Kingdom have shown that P3s can be quite adaptable when it comes to addressing the five Guiding Principles articulated by the Government of Ontario.
As the market for P3s continues to mature domestically, expertise on both sides of the partnership equation will increase accordingly. This growing expertise will encourage more sophisticated contractual provisions and a more effective regulatory environment, making P3s the success they have proven to be in so many jurisdictions.