Overview
P3s offer centralized oversight of commercial, legal, and financial activities throughout construction and operation periods by:
- encouraging innovation, collaboration, and appropriate risk sharing with the private sector
- drawing on the expertise and strengths of both the public and private sectors
- maximizing Value for Money by considering the life cycle of the project
- enhancing the ability to deliver projects on time and on budget
The Public-Private Partnership Framework and Guideline, updated in December 2020, increases our options as to what P3 model can be considered for capital project delivery including variants such as design-build-finance and revenue based P3s, such as build-operate-transfer.
P3s in construction phase
In September 2021, we entered into an agreement with Concert-Bird Partners to design, build, finance and maintain (DBFM) 5 new schools. The schools are anticipated to open in 2024 and Concert-Bird Partners will maintain the schools until May 2054. We will monitor performance be throughout this period.
The respective school jurisdictions will own the schools, but we will monitor Concert-Bird Partners performance throughout this period.
P3s in operations phase
Forty new schools have been built since 2008 under P3 contracts. All these schools, owned and operated by various school jurisdictions across Alberta, are now in the operations phase and maintained by the P3 Contractor.
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