Federal funding from all sources cannot exceed fifty percent (50%) of the Eligible Costs of an Approved Project owned by the public sector or not-for-profit organizations and twenty five percent (25%) of the Eligible Costs of an Approved Project owned by for-profit private sector organizations. For projects involving a local or regional government, the Parties expect that level of government to provide funding for a minimum of one-third of the Eligible Costs.
Canada and Ontario agree to allow flexible project funding options to accommodate their respective fiscal plans, subject to their respective Treasury Board policies and approvals. Such cost-sharing arrangements will be detailed in contribution agreements for specific projects. In the case of AFP/P3 projects, Canada and Ontario will work together to examine cash-flow options on a case-by-case basis, to accommodate the requirements of these projects.