Public-Private Partnership in Canada Custom Essay

: What is Public-Private Partnership? According to John Loxley (2010: 2), private public partnerships, or P3s, are described as “any kind of arrangement that entails the involvement of the private sector in some element of the provision of public infrastructure and services.” In a paper released by Partnerships – British Columbia (2003: 2), a company owned by the province, P3 is defined as “a legally-binding contract between government and business for the provision of assets and the delivery of services that allocates responsibilities and business risks among the various partners. Since the inception of P3s, this has been contested by its critics arguing that empirically observable transactions and operations hardly show any risk sharing or transfer, among others. It is in this light that this paper will analyze PPP or P3 projects in the Canadian public sector. The advantages and disadvantages of P3 will be outlined that will serve as the basis in analyzing the provision of social housing in this country. It is argued that the logic behind the establishment of non-service types P3 projects is to enable the public sector “to meet its responsibilities for the provision or rehabilitation of infrastructure without the up-front capital outlay and risk that accompanies conventional methods of procurement” (Loxley, 2010: 3).