In a “classical” [private-public-partnership or P3], a government typically uses a consortium of private sector firms to finance, design, construct, operate and maintain some new physical public infrastructure. Despite the increasing use of [P3]s, evidence shows that many [P3]s have produced unsatisfactory outcomes, including high transaction costs and project bankruptcy.Read More

You probably just read Part I of this P3 Hospitals article, but in case you then took a juice break, or a yoga break, or a few minutes to breathe deeply or pound a couple of shots of tequila, let me remind you why, according to Premier Stephen McNeil, hisRead More

Nova Scotia’s mania for public-private-partnership (P3) school construction was brief—more of an episode than an illness—but what an expensive episode it was. It started in 1997 and ended in 2000 officially, but the 39 schools built under the P3 banner were the subject of 20-year leases, so the P3 programRead More