April 14, 2016 -
Public-private partnerships (PPP or P3s) have emerged as a mainstream method of delivering public infrastructure in Canada. The use of P3s in Canada has proven to be very successful,particularly after the first stage of experience- and lesson-learning. A majority of the P3s have been delivered on time and on budget. Now that Canadian P3s are moving to their third wave in which the project pipeline has become steadier and more robust, the industry is looking for areas that can be improved in order to further enhance the efficiency gain of P3s. Innovation has been identified as such an area.