A new report undermines the overblown claims of P3 backers. The study exposes 100 flawed, failed or abandoned infrastructure projects using the P3 privatization model in Canada, Australia and the United Kingdom.
The report, produced by health coalitions and national unions including CUPE, comes as governments at all levels persist with plans to privatize hospitals, roads and schools under P3s, a controversial long-term deal with private finance and service corporations.
Flawed, Failed, Abandoned: 100 P3s, Canadian & International Evidence, documents dubious P3 projects in the health, municipal and education sectors, providing examples in provinces across Canada, as well as in Australia, England, Scotland and Wales. It details a litany of cost overruns, legal disputes, bankruptcies, environmental disasters, and shoddy construction. Many P3s have been abandoned outright as the steep terms required by the for-profit companies become clear.
Visit www.cupe.ca/updir/Flawed_Failed_Abandoned_-_Final.pdf to download the rap sheet for these 100 P3s.