RC114 SeptOct 2024 - Magazine - Page 28
PROJECT DELIVERY
WORKING
IN CONCERT
Public-private partnerships
shine when it comes to social
infrastructure by John Tenpenny
HE MORE THINGS CHANGE, the more they stay the same.
When it comes to the need to build new public
infrastructure4school, hospitals, roads, etc.4that
statement rings true. How to deliver these important projects is what seems to evolve over time.
With the move towards oscal responsibility when
spending public funds, the public-private partnership (P3)
model rose in popularity more than 30 years ago, but has
recently fallen from favour in some circles, challenged by
other delivery methods, such as the alliance and progressive models.
But as P3s approach middle age, some believe that the
model remains relevant and viable, particularly when it
comes to social infrastructure.
