Principles for Assessing and Approving P3s

a. Project must be a priority as determined by the Capital Plan.

b. Project must be accommodated within both the approved Capital Plan and the projected operating budget of the program ministry.

c. The P3 selection process must be competitive, equitable, transparent, accountable and timely.

d. Project procurement and financing methods will be selected to provide best value for money over the project lifecycle with appropriate consideration of risk transfer, opportunities for innovation and economic growth, and community issues.

e. Capital Plan and Fiscal Plan impacts must be equitable and comparable relative to other procurement and financing alternatives, and not impact the value for money assessment of the P3.