EDMONTON — Alberta is rolling out new public-private partnership (P3) and unsolicited proposal (USP) frameworks to try and maximize taxpayer dollars for public infrastructure projects.
According to the province, the two new frameworks will help the government identify alternative ways to build infrastructure, create jobs and stimulate the economy while spending less.
“As part of Alberta’s economic recovery, it’s more important than ever our infrastructure investments are thoughtful and strategic,” said Prasad Panda, infrastructure minister, in a press release. “The P3 and USP frameworks provide government greater flexibility to deliver infrastructure and encourage the private sector to come forward with creative ways and financing solutions to help provide the facilities and other infrastructure Albertans need.”
The changes give officials more P3 models to choose from to deliver capital projects, including design-build-finance and revenue-based P3s like build-operate-transfer.
The new USP framework now empowers the province to consider unsolicited infrastructure investment opportunities. These options were likely to be missed or rejected before the new frameworks, officials noted. The private sector is being encouraged to submit proposals via email as identified within the USP framework.
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