How are P3 projects selected?
As new needs arise for public facilities of all types, such as recreational facilities, health care, learning, safety or emergency services facilities, housing and transportation infrastructure, City staff review and prioritize needs and develop a list of potential P3 projects. Each of these projects undergoes an initial assessment of urgency, cost, timeline and other factors, and a short-list of potential P3s is generated and submitted to Committee and Council for action. Once approved, each P3 is then submitted to detailed needs and cost analysis, and once again submitted to Committee and Council for inclusion in budgets and authority to proceed with procurement of a private-sector partner.
