In this guide, economist John Loxley takes a critical look at the case for and against using public-private partnerships (P3s) for municipal infrastructure.
His analysis goes beyond the claims made by P3 promoters to examine the costs and consequences of privatizing vital community assets. Through a series of questions, Dr. Loxley outlines the problems that accompany infrastructure and service privatization, and highlights the value of keeping vital assets and services public.
With growing financial and political pressure on municipalities to use P3s, this guide is a timely resource that answers key questions about financing and delivering infrastructure projects.
With this guide, municipal councillors and civic officials will be able to ask the right questions before considering entering into a P3.