PPP Canada launched yesterday Round Five of the P3 Canada Fund. The deadline to submit applications is June 14, 2013. To assist applicants, PPP Canada has prepared an Application Guide detailing eligibility criteria, the evaluation process and the instructions for submitting applications.
PPP Canada indicates that Round Five will focus on projects that develop the Canadian P3 Market, giving priority to public infrastructure projects in the areas of transportation, water/wastewater, solid waste disposal and brownfield redevelopment of contaminated sites. Priority will be given to "projects that create optimal value for money, taking into account the qualitative and quantitative factors, and that include long-term financing (i.e. DBFOM)."
The P3 Canada Fund was created by the Federal Government to assist public infrastructure projects done using a Public Private Partnership approach. Eligible projects are selected through a merit based process and can receive up to 25% of the direct costs of construction by way of contributions, loans or loan guarantees. The Fund started in 2009/2010 with a $1.2 billion commitment for a five year period. An additional $1.25 billion commitment was added for the period beginning in 2014.
News Release (PDF)
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