A North Carolina school board called off plans for P3 schools this week after realizing that the public private partnership, which was supposed to save money, would end up costing more. Similar deals have been cancelled across Canada as projects are coming in over budget, and with too many strings attached.
“We seem to be the only place in North America that is holding onto the notion that P3s are a good idea,” said CUPE Alberta President D’Arcy Lanovaz. “The rest of the continent is figuring out that these deals actually cost more and deliver less.”
The Canadian Union of Public Employees is making an election issue out of Alberta’s new commitment to privatization. It is demanding all parties cancel pending P3 deals, and open up the books on the ones that are already in place.
“It took a class action lawsuit in Ontario before taxpayers found out the true cost of the Highway 407 P3,” Lanovaz went on to explain. “If these are such good deals, why is there so much secrecy around them?”
CUPE is calling on its members to support candidates who are opposed to P3s this election.