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P3s & The P3 Canada Fund

Learn about PPP Canada, the federal Crown corporation that promotes public-private partnerships (P3s) in Canada. Discover how P3s stimulate the Canadian market, provide expert advice, and deliver projects with greater value for money.

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P3s & The P3 Canada Fund

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  1. P3s & The P3 Canada Fund Michael Mills VP Investments, PPP Canada CNAM 2014 Conference Toronto, Ontario May 20-23, 2014

  2. About PPP Canada The Government of Canada’s centre of P3 expertise • A federal Crown corporation • Reporting to Parliament through the Minister of Finance • Led by an accomplished private sector-based Board of Directors

  3. Our Objectives • Deliver P3s that provide greater value to Canadians -- through better timeliness, better accountability, and greater innovation; • Ensure that these projects stimulate and expand the Canadian market for P3s; and • Provide expert advice and information on P3 best practices and the Canadian P3 market.

  4. Our Core Business • Developing & sharing knowledge, tools, and best practices - Developing high-quality knowledge products to support a pipeline of consistent P3 procurements in the Canadian market; • Advancing federal P3s - $100 million Federal Screen, Procurementoptions analyses and procurement; and • Advancing provincial, territorial, municipal, and First Nations P3s - the P3 Canada Fund, the New Building Canada Fund P3 Screen, Tool and resource development; and P3 education and awareness.

  5. Definition of a P3? A long-term performance-based approach for procuring public infrastructure where: • The private sector assumes much of the risk and financing responsibility for the delivery and performance an asset • Spans design and structural planning to long-term maintenance.

  6. Features of a P3 • Integration of roles (Design, Build, Finance, Operate, Maintain) • A long-term contract duration • The provision of goods or services to meet a defined output specification (the “what” vs. the “how”) • A transfer of risk to the private sector anchored with private sector capital at risk • Entered into by a competitive process

  7. Benefits of P3s

  8. Benefits of P3s

  9. Value for Money

  10. Value for Money

  11. Value for Money 11.8% VfM

  12. Value for Money

  13. Working with the Federal Government Completed or under construction - RCMP E Division - CSEC Accommodation Project In procurement - New Bridge over the St. Lawrence Future Pipeline includes: - Detroit River International Crossing - Shared Services Data Centre

  14. The P3 Canada Fund • $1.2B Fund to support adoption of P3s by Provinces, Territories, Municipalities and First Nations • Up to 25% of eligible costs, through repayable contributions, non-repayable contributions, loans and loan guarantees • Focused on building experience, innovative applications of the P3 model

  15. The P3 Canada Fund

  16. The P3 Canada Fund

  17. The P3 Canada Fund

  18. Chief Peguis Trail Extension • Winnipeg, MB • $25M non-repayable contribution • DBFM • $31M in savings over traditional procurement

  19. Evan Thomas Water / Wastewater • Kananaskis Country, AB • $9.95M non-repayable contribution • DBFOM • $24.1M in savings over traditional procurement

  20. Downtown Eastside Housing Renewal Project • Vancouver, BC • $29.1M non-repayable contribution • DBFM • $5.2M in savings over traditional procurement

  21. Results from Original $1.2 billion • Over $6.0 billion in capital investment – 5:1 leverage • 16 jurisdictions employing P3 for first time • Mix of small, medium and large projects • 15 different municipalities • 7 water/wastewater projects • 7 public transit projects • First rehabilitation project • Accelerating momentum – over $1 billion committed in Rounds 3-5

  22. P3s and the New Building Canada Fund All applications to the Building Canada Fund with eligible costs of $100M or more are subject to a new P3 Screen PPP Canada has been mandated to manage the two part P3 Screen in collaboration with Infrastructure Canada

  23. P3s and the Building Canada Fund

  24. Questions? Contact Me: Michael Mills VP Investments, PPP Canada michael.mills@p3canada.ca

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