Did You Know?

WHAT IS A PUBLIC-PRIVATE PARTNERSHIP(P3)?

Public-private partnerships involve collaboration between a government agency and a private-sector company that can be used to design, finance, build, operate and maintain major projects while the government entity retains ownership of the asset. Financing a project through a public-private partnership can allow a project to be completed sooner or make it a possibility in the first place.

THE BENEFITS OF PUBLIC-PRIVATE PARTNERSHIPS

• Accelerated project delivery times

• Capital available for major investments much sooner

• Demonstrated track record of on-time project completion

• Innovation that reduces costs and/or improves performance

• Lower project life-cycle cost

• Allow government funds to be redirected to other important projects

• High quality maintenance standards throughout full project life-cycle

• Customer-centric approach to enhance user-experience

WHAT ARE THE ADVANTAGES OF PRIVATE FINANCING?

• Accountability, innovation and a competitive market are hallmarks of P3 contracts, driving significant cost savings for taxpayers

• A P3 helps governments manage cash flow more efficiently by matching a project’s cost to available resources over time