Yesterday, PPP Canada launched the Round Five call for proposals for the P3 Canada Fund.

The P3 Canada Fund is a merit based program, designed to incent the use of P3 procurement in delivering public infrastructure projects. Eligible projects can receive up to 25% of the direct cost of construction supported through non-repayable contributions, repayable contributions, loans or loan guarantees. The $1.2 billion is committed over a 5 year period starting 2009/10 and is allocated to PPP Canada on an annual basis, subject to approval by Parliament. The Government of Canada recently announced in Budget 2013 its commitment to renew the P3 Canada Fund by an additional $1.25 billion beginning in 2014.

PPP Canada will give priority to public infrastructure projects in the following priority areas: transportation; water/wastewater; solid waste disposal; and brownfield redevelopment of contaminated sites.

Source: P3 Canada