Alberta Launches New Public-Private Partnership and Unsolicited Proposal Frameworks | Bennett Jones LLP
Definition of P3 Projects The P3 Framework defines a P3 project as an infrastructure project where the proponent provides some or all of the financing for the project, designs and builds the project (at times also providing operations and maintenance) and receives payments over an extended period of time. The definition of a P3 under the P3 framework does not include design-build projects, but may include design-build-finance, build-finance, or other alternative variations of P3s, due to the inclusion of private financing within these models. This broad definition was utilized to encourage in...
Source: jdsupra.com