The federal government is accepting applications for the fifth round of the P3 Canada program.
P3 Canada helps funds public infrastructure projects in communities across the country. PPP Canada's focus in round five will be on public infrastructure projects that promote jobs and stimulate economic growth.
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.
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.
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 per cent of the direct cost of construction supported through non-repayable contributions, repayable contributions, loans or loan guarantees.
