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The infrastructure funding deficit

31 May 2006

THE EXTENT OF THE PROBLEM A number of organizations have attempted to delineate the extent of Ottawa LRT Canada’s infrastructure deficit, with limited success; but taken together their efforts underscore the pressing need to address the following: · a detailed inventory of both the extent and condition of public infrastructure in Ontario and in Canada which is tracked on a yearly basis in order to [...] The reduction in investment in public infrastructure and the general inability of the public sector to keep pace with growth in business infrastructure has resulted in the following: · On a per capita basis, the discounted value of public infrastructure grew at an average annual real rate of 1.1% over the 1971-2000 period; · However, most of this growth occurred in the 1970’s, when real growth was [...] This agency is similar to the Partnerships UK established in 2000 whose mandate is to support and accelerate the delivery of infrastructure renewal, high quality public services and the efficient use of public assets through better and stronger partnerships between the public and private sectors. [...] A review of the commercial deliverability of the scheme, prior to the commencement of the procurement process, can be a source of comfort to the private sector. [...] The more the risk allocation models, tendering processes, bidding processes, contract and evaluation can be standardized, the less is the need for the government and private partners to negotiate the risk, and the more costs both parties can save.
government education politics public finance financing economy finance infrastructure investment science and technology public-private partnerships business construction government policy public works public-private sector cooperation procurement investors transport public-private partnership economic sector public/private partnerships pension government budget funding deficit public private partnerships government budget balance infrastructure (economics) private finance initiative
Pages
40
Published in
Canada

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