P3 Myth Busting

Published: September 7, 2007, 5:35 am

Tags: public space, ed stelmach, state capitalism, alberta, reinventing government, public private partnerships, p3

Dismissing an independent study on P3's the Alberta Government says it has studied P3's and gives them the big thumbs up.A landmark study of private-public partnerships around the globe concludes they don't save taxpayers money, undermine democracy and hurt small business even as Alberta is making P3s a key component of its long-term plans. But the Alberta government's public relations department says it's confident its projects won't follow that trend and called the study a nice academic exercise. The study, released by the Federation of Canadian Municipalities the group that represents most communities across Canada looked at schools, hospitals, road systems, subways systems and waterworks. It found no cost savings amongst any of the studied projects. Further, when overruns, changes to long-term contracts and shifting public priorities were considered, many cost more money than their publicly funded equivalent. A key reason was borrowing powers, said

[ Full article ]

Blog link

Rating: 0

Comments