P3 Projects Bring Economic Benefit

The billions of dollars Canadian governments have spent on P3 projects have produced substantial economic benefits and gains in employment, a new study shows. Vancouver consultants InterVISTAS concluded that spending on 121 P3 projects has created over 500,000 full-time equivalent jobs (direct, indirect and induced) and added Cdn $48.2 billion to total GDP between 2003 and 2012. The capital costs of the projects were the biggest contributor, with O&M spending taking a distant second place. Health care and transportation are by far the biggest P3 sectors.


About Bill Reinhardt

Editor of Public Works Financing newsletter
This entry was posted in Take Back Infrastructure. Bookmark the permalink.