After a lengthy development period, Canada has joined members of the international marketplace who use the Public Private Partnership (PPP) model to pave their roads and build their hospitals. Countries around the globe started adopting the model thanks to the positive results of these partnerships: the delivery of new investments in infrastructure, the extension of the model into new industry sectors and the fiscal benefits. However, according to Delivering the PPP Promise, PricewaterhouseCoopers’ most recent study, the procurement process needs improvement.
Although PPPs represent an innovative way for governments to work with private business, using the approach raises a number of complex issues and options. Delivering the PPP Promise reviews the benefits and challenges of the PPP model, illustrates where its use is most appropriate, and makes strong recommendations to cement the procurement process.
These recommendations include:
- Developing shadow private sector bid models at the outset
- Streamlining the speed and cost of procurement
- Building PPP Centres of Excellence
- Sharing refinancing benefits
- The EU Commission providing guidance for the public sector on PPPs and procurement procedures
- Creation of an EU Knowledge Unit
- Balance Sheet treatment and how it should not drive the decision to undertake a PPP
The new PwC study also highlights examples of best practices and developing trends, and tackles difficulties facing partnerships between the public sector and private businesses.
To download the full survey report, visit our download form.
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