CITY POLICY

POLICY NUMBER: C555

REFERENCE:

ADOPTED BY:
City Council
26 May 2010

SUPERSEDES:
New

PREPARED BY:

Finance and Treasury Department

DATE: 7 May 2010

TITLE:

Public Private Partnership (P3)

The City of Edmonton is committed to achieving value for money in public infrastructure and service delivery while ensuring the public interest is protected and Council's priorities are met. Public Private Partnerships (P3s) will be considered where the P3s will serve to:

a. deliver improved services and better value for money through appropriate
allocation of resources, risks, rewards and responsibilities between the City and
private sector partners

b. enhance public benefits through clearly articulated and managed outcomes

c. leverage private sector expertise and innovation opportunities through a competitive and transparent process

d. create certainty around costs, schedule, quality and service delivery; and

e. optimize use of the asset and included services over the life of the P3

The Public Private Partnership (P3) Policy will apply to large scale (2010 benchmark -$30 million), complex public infrastructure projects.

The purpose of this policy is to:

Guide the City's approach to evaluating and pursuing potential P3s. The Policy provides process certainty and clarity for all stakeholders throughout a P3's life cycle by ensuring a consistent framework for selection, evaluation, approval, delivery and monitoring of P3s.

This policy is subject to any specific provisions of the Municipal Government Act or other relevant legislation or Union Agreement