Burdened by increasing debt levels, governments around the globe are focusing on new ways to efficiently deliver services and build and finance infrastructure. Public- private partnerships bring together the strengths of both the public and private sectors. They are innovative tools of public policy. In addition to maximizing efficiencies and innovations of private enterprise, public-private partnerships can provide much needed capital to finance government programs and projects of a commercial nature, thereby freeing public funds for core economic and social programs.
and private interests have already worked together in many cases in Canada
to bring us new and important infrastructure development critical to maintaining
Canada's competitiveness. The link between the Provinces of New Brunswick
and Prince Edward Island over the Northumberland Strait and the municipal
water pipeline financed, built and now operated by a private sector company
in Alberta are recent examples of the cooperative approach between public
and private interests in Canada. Many new projects are expected to be
developed in the near future on a partnership basis including the development
of important highways in Canada. Municipal governments are looking closely
at cooperative projects with the private sector in areas
Public-private partnerships are not entirely new. What is new however is the creative ways they are being used by all levels of governments and even between levels of government. A minor revolution is occurring. Public-private partnerships can work in the provision of services, financing and development of infrastructure and the administration of government.