<This section briefly discusses what a P3 is, and why Alberta does them (150-200 words). >
A P3 is a different, non-traditional way for government to create capital assets (such as roads, schools, and other types of government facilities). In the case of <short name of project>, the government entered into one agreement with a contractor, responsible for designing, building, <partially> financing and <operating/maintaining> the <asset type> over a <number of years of contract> -year period (<number of years> years design and construction; <number of years>years <operations/maintenance>).2
A P3 can save time, money and reduce risk to the government by having one contractor design, build, finance, and <operate/maintain> a <facility/road/other(describe)>. For Alberta P3 projects, the public sector owns the facility and provides public services to Albertans, the same as it does with a traditional approach. In this P3, the <name of asset owner> own<(s>) the <description of asset> and deliver<(s>) <program description> as they do in their other <asset description>.
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2 For detailed discussion on P3s, see the Annual Report of the Auditor General of Alberta 2003 ─2004, at pages 49 to 72 (www.oag.ab.ca/files/oag/ar2003-2004.pdf).