Get it built : Fostering economic growth and prosperity through enhancements to Canada's long-term investment market

Overview of P3 Market in Canada P3s involve a contract between a public sector authority and a private party, where the private party assumes a major share of the risks in terms of financing and construction and ensuring effective performance of the infrastructure, from design and planning through to long-term maintenance over the term of the agreement.4 P3s are an attractive funding mechanism for [...] The industry played a leadership role in the development of the P3 market in Canada, including through the financial crisis. [...] The lack of standardization in documentation limits the attractiveness of smaller P3 projects for potential investors, as the size of the potential deal may not be adequate to compensate for the up-front and ongoing management costs that investors incur. [...] PPP Canada currently has the mandate to create and share P3 best practices within Canada and to encourage and increase the use of P3s at all levels of government in the country. [...] The industry believes that there is scope to lengthen the term of the P3s in the market to more closely match the underlying life cycle of select infrastructure assets such as hydroelectric projects, roads and hospitals and generally believe that terms out to 40 years would be appropriate for such infrastructure asset classes.