(1) P3s are an alternative procurement model for GOA ministries and SIOs for providing infrastructure.
(2) P3s are a method of:
a. Encouraging innovation, collaboration, and appropriate risk sharing with the private sector, drawing on the expertise and strengths of the public and private sectors.
b. Maximizing value for money by considering life-cycle costs, opportunities for third party provision of ancillary services, e.g. caretaking, food service, etc., and third party revenue opportunities.
c. Delivering infrastructure with certainty in terms of costs and schedule.