Ontario plans to increase innovation and competition in the PPP sector
Ontario's government is working to make the province a leading destination for investment and job creation by increasing innovation and competition in its public-private partnership (PPP) market.
At the moment, Ontario is one of the most active markets in the world for public-private partnerships. During the past eight years, Infrastructure Ontario has delivered more than 120 public-private partnership projects worth about CAD$50 billion.
The Minister of Infrastructure Monte McNaughton spoke to attendees of the annual Infrastructure Investor Global Summit in Berlin, where he addressed Ontario's efforts to attract more investment in the province's infrastructure market.
The province will initiate the following new measures to attract international investment from firms looking to participate in Ontario's PPP market:
- Creating opportunities for more competition in PPPs by accounting for international experience
- Open PPP projects to greater innovation by making output specifications less prescriptive and rebalancing the Infrastructure Ontario bid evaluation criteria to better reward design innovation.
McNaughton and his team spoke with more than 50 delegations over a 10-week period, including investors and lenders, technical and financial advisors, and construction and maintenance contractors.
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