The annual cross-government capital planning process (CPI) is managed by the Deputy Ministers Capital Planning Committee. The Capital Plan is designed to assist government decision makers when considering capital grants to support infrastructure projects and purchase of equipment by SIOs, municipalities and other local authorities; and capital investment in government owned infrastructure, equipment and inventories, and funding to rehabilitate government capital assets.
• The P3 approach, based upon value for money, represents an alternative way to deliver major capital projects that are part of the Capital Plan.
• The P3 approach requires initiation, review, evaluation, and decision-making, as well as regular reporting to Treasury Board, within the Capital Plan process.
• The P3 approach strives to provide both Government and proponents with as much certainty as possible at each stage, thereby strengthening the collaboration element of P3 procurement.
• The P3 approach recognizes that emerging projects with limited windows of opportunity should be reviewed with the same thoroughness as if submitted in the regular cycle of review.
• The P3 approach will result in the business case for a project providing the parameters for delivery of the infrastructure, thereby allowing some flexibility to the implementing department to deal with minor adjustments. Treasury Board approval will be based on the risk profile and costing as outlined in the business case. Ministries are required to report status to Treasury Board regularly. Further Treasury Board approvals should not be required unless the risk profile or the costing changes from that outlined in the business case.
• The P3 approach is suitable only for capital projects of a sufficient size and complexity (greater than $100 million) to justify the Government of Alberta's and the proponent's transaction costs.
• Suitable projects must be considered for P3 applicability prior to inclusion in the Capital Plan.