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P3 Next Gen
01 September 2008
The structures employed in the Canadian P3 market today will have to evolve to meet demand from municipal-level deals. By Rohit Gupta*.
The Canadian infrastructure finance market has come a long way over the last 20 years. The efforts of arms-length agencies over the last decade, as well as provincial government departments, should be credited for driving this progress. They have learned from successive projects to improve processes and structures to where they are now well-defined. But the opportunity now exists to undertake new and broader types of P3 projects and, in the process, develop the P3 marketplace. Further, the case can be made that the market must innovate and evolve to meet the growing infrastructure needs of the country, particularly at the municipal level. In so doing, Canada can lead the rest of the world in creating the next generation of P3 projects and defining the marketplace in Canada and abroad.
Driven by demand, the market will need to embrace P3 projects that depart from the norm of the last five...
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