Investing $125 billion into infrastructure is one of the primary commitments made by the Liberal government throughout the 2015 election. The question is: How will the government go about obtaining public infrastructure?
Professor Paul Boothe, Director of the Lawrence National Centre for Policy and Management, made the case for public-private partnerships (P3s) in his piece for Maclean’s. In contrast to traditional projects that use the public sector to manage infrastructure projects, P3s use the private sector to manage the logistics of a public infrastructure project.
Drawing from the Lawrence Centre’s new research on P3s, Boothe outlined the cost-effective benefits that could come of procuring P3s.
“We believe that the P3 approach is generally superior because it brings to bear specialized expertise, incentives, and due diligence and accountability mechanisms that are not possible to replicate in the political environment in which public sector managers work,” said Boothe.
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