It is still very possible that the RPL Board will apply to this fund, soon or in the future.
———From the P3 Canada Fund <Info@p3canada.ca>, April 15, 2013——–
PPP CANADA LAUNCHES ROUND FIVE OF THE P3 CANADA FUND
Round Five to focus on projects that develop the Canadian P3 market
Ottawa, Ontario, April 15, 2013 – Today, PPP Canada launched the Round Five call for proposals for the P3 Canada Fund.
Canada has become a world leader in P3 procurement and the Government of Canada is committed to supporting the further development of the Canadian P3 market by encouraging provinces, territories, First Nations and municipalities to consider the P3 model in delivering their public infrastructure priorities. As part of this commitment, PPP Canada’s focus in Round Five will be on public infrastructure projects that promote jobs and stimulate economic growth.
“Last year, we were very encouraged by the quality and viability of the applications we received,” said John McBride, CEO of PPP Canada. “Under Round Five, we will continue to look for applications that deliver optimal Value for Money by demonstrating substantial involvement by the private sector throughout the project’s life cycle.”
Once again, PPP Canada will give priority to public infrastructure projects in the following priority areas: transportation; water/wastewater; solid waste disposal; and brownfield redevelopment of contaminated sites. In addition, PPP Canada will give priority to projects that create optimal Value for Money, taking into account the qualitative and quantitative factors, and that include long-term financing (i.e. DBFOM).
To date, the Government of Canada has announced P3 Canada Fund commitments toward 15 P3 projects across Canada, totaling over $715 million to projects with more than $3.2 billion in capital costs. Further announcements are expected in the coming months.
PPP Canada works with other levels of government to promote the effective use of P3s through P3 knowledge sharing, capacity building and the strategic use of the P3 Canada Fund. By offering advice and expertise to its clients, PPP Canada ensures proper due diligence is followed across all stages of the project development life cycle. The result is a well-structured procurement that is well planned and follows best practices ensuring transparency, fairness and competiveness.
About PPP Canada and the P3 Canada Fund
PPP Canada has a mandate to improve and increase the delivery of public infrastructure by achieving better value, timeliness and accountability to taxpayers, through P3s.
PPP Canada acts as a leading source on P3 matters through knowledge development and sharing. In addition, the Corporation provides expertise and advice in assessing and executing P3 opportunities at the federal level as well as leveraging greater Value for Money from federal investments in provincial, territorial, municipal and First Nations infrastructure through the P3 Canada Fund.
The P3 Canada Fund is a merit based program, designed to incent the use of P3 procurement in delivering public infrastructure projects. Eligible projects can receive up to 25% of the direct cost of construction supported through non-repayable contributions, repayable contributions, loans or loan guarantees. The $1.2 billion is committed over a 5 year period starting 2009/10 and is allocated to PPP Canada on an annual basis, subject to approval by Parliament. The Government of Canada recently announced in Budget 2013 its commitment to renew the P3 Canada Fund by an additional $1.25 billion beginning in 2014.
Round Five: Information for Applicants
To assist Round Five applicants in preparing their submissions to the P3 Canada Fund, PPP Canada has developed an Application Guide which provides detailed information of the Fund’s eligibility criteria and evaluation process and detailed instructions on how to prepare a submission. In addition, PPP Canada has created a P3 Business Case Development Guide which outlines the necessary steps to the development of a comprehensive and robust P3 business case. Project sponsors whose applications are retained for further analysis will be required to follow this Guide in preparing their Business Case for submission. Both Guides are available for download on PPP Canada’s website at www.p3canada.ca.
The application deadline is June 14, 2013 in order to be considered under Round Five. All interested applicants are encouraged to contact PPP Canada or their designated contact, identified in the Application Guide, to discuss the viability of their project before submitting an application.
PPP Canada, Attn: P3 Canada Fund, Round Five, 100 Queen Street, Suite 630, Ottawa, ON, K1P 1J9, 1-877-947-9480, pppadministration@p3canada.ca
For further information on PPP Canada and the Government of Canada P3 Canada Fund investments visit: www.p3canada.ca
For media inquiries, contact:media@p3canada.ca or 613-947-9480/1-877-947-9480
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