Just came across this on the vancouver blogosphere:
http://vancitybuzz.blogspot.com/2009...-p3-model.html
Apparently Arnold like our use of P3 in numerous projects. Then I read a comment on the blog
"The problem with the P3 contracts that the BC government has signed is that the taxpayer assumes most of the risk while the private sector reaps all of the rewards.
Most of them end up being back-end revenue deals. RAVCO put up the $1.5B up front capital expenditure. SNC-Lavalin will operate the Canada Line for 35 years. Which means SNC-Lavalin has the GVRD by its balls for the next 35 years.
P3s aren't necessarily bad. Just the ones that have been signed in this province."
Perhaps he is just a disgruntled NDP supporter
or is there merit to the comment.
I thought this would be a great starting point for discussion on public private partnerships. You know the advantages and disadvantages of using them.