The Public-Private Partnerships Transparency and Accountability Act

What is a P3?

P3 agreements outline financing and project requirements for public infrastructure projects.

Under the agreement, typically the private sector guides and manages the project because of their expertise in building a particular type of project. The public sector owns the asset being built, but may not operate or maintain it. 

What are some of the new requirements under the Public-Private Partnerships Transparency and Accountability Act?

The Public-Private Partnerships Transparency and Accountability Act outlines rules for public sector organizations that take part in P3 agreements.

The act does not define what projects are suitable for a P3 agreement. Instead, these rules outline how information is prepared and released about decision-making and how the project is completed. This improves the transparency and accountability of the decision-making process.

New requirements under the act for public sector organizations include:

  • Undertaking a preliminary analysis, outlining the risks, costs and benefits of using a P3 agreement. 
  • Holding public consultations (including a public meeting) and releasing a report on the public proceedings.
  • Appointing a fairness monitor to oversee purchasing processes and releasing a contract summary.
  • Reporting to the provincial auditor general after construction is complete. 

The act and the act's regulation outline the specific requirements.

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