Project cost estimates up 94 per cent, lease payments almost doubled, and $393 million in missing debt-servicing money. These are some of the problems auditor Ron Parks found in his HEU-commissioned study of the Abbotsford P3 hospital proposal.
The report says the BC governments controversial hospital project a test case for public-private partnerships (P3s) in health care has so far failed to demonstrate value for money from the taxpayers perspective.
Says Parks, the government will have to assume all the risk associated with the project.
Meanwhile, of the four bidders, only one remains. Says HEU spokesperson Chris Allnut, “One bidder means no competition and frankly, demonstrates that theres no real interest from the private sector.
Says Parks, the government will have to assume all the risk associated with the project.
Meanwhile, of the four bidders, only one remains. Says HEU spokesperson Chris Allnut, “One bidder means no competition and frankly, demonstrates that theres no real interest from the private sector.