Government of Canada announces wind-down of PPP Canada Crown Corporation
November 24, 2017 By The Government of Canada
Nov. 24, 2017 – The Government of Canada is moving forward with its historic plan to invest in infrastructure, including leveraging private sector investment and know-how in order to build more infrastructure in communities across Canada.
PPP Canada was created 8 years ago to promote the adoption of the Public-Private Partnerships (P3) concept across Canada. Since its creation, PPP Canada has played a key role in establishing P3s as an effective way to ensure performance of infrastructure from design and planning, to long-term maintenance. P3s have since become widely used by different jurisdictions in Canada.
Given that PPP Canada has fulfilled its mandate and Canada has developed a strong P3 market, the Honourable Amarjeet Sohi, Minister of Infrastructure and Communities, today announced the Government of Canada’s intention to dissolve PPP Canada.
PPP Canada operations are expected to cease by the end of 2017 with it being dissolved effective March 31, 2018.
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