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Hurontario Light Rail Transit Project. [insert date]. Alternative Financing and Procurement (AFP). Innovative model of financing and procuring large public infrastructure projects
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Hurontario Light Rail Transit Project [insert date]
Alternative Financing and Procurement (AFP) • Innovative model of financing and procuring large public infrastructure projects • Best use of private-sector resources and expertise and transfers project risks to the private sector, which is accountable for providing on-time, on-budget project delivery
Alternative Financing and Procurement (AFP) • Public sector establishes the scope and performance requirements for the project and retains ownership of LRT • Private sector will be responsible for the design, construction, financing, maintenance and operations
Alternative Financing and Procurement (AFP) • Projects delivered by Infrastructure Ontario are guided by five key principles: • Transparency • Accountability • Value for money • Public ownership and control • Public interest
Alternative Financing and Procurement (AFP) • Design and construction can happen at the same time, resulting in: • project schedule time savings • better coordination • more efficient construction • Strong incentive for good design and construction practices, since the private sector is also responsible for financing, operations and maintenance
RFQ RFP Construction Contract award Completion
Contact Website: www.metrolinx.com/HurontarioLRT Email: HurontarioLRT@metrolinx.com Email: tim.lai@mississauga.ca Twitter: @HurontarioLRT
Hurontario Light Rail Transit Project