Quote:
Originally Posted by flatlander
Is a P3 a way of getting a project built, or a way of financing it, or both?
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Essentially, private buildiers builds it now; and the public pays them back later.
For example, the City excitedly announced (though I don't think it was picked up in the papers) in Autumn 2005, that the developer of a new strip mall on St. Anne's Rd. paid $3-M for the widening of a one kilometre stretch of St. Anne's out in the sticks somewhere. As a P3, the City is paying back the developer the $3-M in 2008. (Presumably we'll be less broke next year than we are this year?)