Public-private partnerships or P3s provide public sector sponsors the opportunity to create innovative and efficient solutions to provide new facilities while consolidating and reducing their risk exposure. P3s are becoming common in Canada and have a strong track record delivering large and capital-intensive new infrastructure facilities in a timely fashion.
P3 financing is provided by external parties rather than the taxpayer. Instead of paying for the entire project up-front, the public agency makes payments to the developer that over time recover the capital, operating and maintenance costs, plus generate a fair return to the partners. P3s are usually delivered through a design-build-finance-maintain (DBFM) contracting model (please also see Why the DBFM Approach Outperforms).
Gracorp and Graham have a strong track record of bidding and delivering end-to-end public infrastrcuture solutions in today’s highly competitive P3 environment. As personal investors in the equity that backstops our risk management strategies, our employees make a personal commitment that aligns our interests with those of the public-sector procurement agents – and, ultimately, the taxpaying public.