Public private partnerships (PPPs) have grown in Canada to become a preferred approach to bring together the strengths of both public and private sectors.

The key benefits of PPPs are highlighted below:

Key Benefits for the Public Sector

• Increases budget and schedule certainty for public sector
• Provides for greater accountability for private sector performance and results
• Shares risk and responsibility with private sector partners
• Addresses key issues such as multiple demands, high expectations and pressure to reduce debts
• Accesses new sources of funds and new specialized skills
• Delivers capital projects (buildings and infrastructure) faster
• Reallocates resources to core areas under government responsibility, thereby improving the use of assets
• Increases efficiency and effectiveness
• Creates high-quality infrastructure
• Promotes transparency, accountability and in-depth cost/benefit analysis and scrutiny of proponents offering the best value
• Allocates risks to the party best equipped to manage them
• Obtains private-sector investment in public-sector infrastructure
• Enhances competitiveness
• Allows public sector to focus on its key strengths and mission in terms of the delivery of services to the public

Key Benefits for the Community

• Ability to access new state-of-the-art facilities
• Faster design and construction of new facilities
• Continued access to programming and services
• Projects reflect residents' priorities
• Helps to stimulate economic growth and employment
• Minimizes impact on resident taxes
• Frees up public funds for other core services

Key Benefits for the Private Sector

• Steady revenue streams linked to secure contracts
• New business opportunities
• Potential to build on the expertise of government organizations
• Sharing of risks