Public Private Partnerships in British Columbia – Concept to Reality Public Private Partnerships Public Private Partnerships in British Columbia in British Columbia – – Concept to Reality Concept to Reality Vancouver Board of Trade Vancouver Board of Trade November 5, 2004 November 5, 2004
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Public Private Partnerships in British Columbia –
Concept to Reality
Public Private Partnerships Public Private Partnerships in British Columbia in British Columbia ––
Concept to RealityConcept to Reality
Vancouver Board of TradeVancouver Board of TradeNovember 5, 2004November 5, 2004
What’s New?What’s New?
$3.4 billion in approved projects
Two partnership agreements concluded
New projects in several sectors in planning stages
Building Centre of Expertise
Projects OverviewProjects Overview$3.4 billion in projects
Sierra Yoyo Desan Road
Sea to Sky Highway Improvement
ProjectKicking Horse
Canyon
Britannia Mine Water Treatment
Plant
Okanagan Lake Crossing
Academic Ambulatory Care
Centre
Abbotsford Regional
Hospital & Cancer Centre
Richmond-Airport-Vancouver Rapid
Transit
Golden Ears Bridge
Completed ProjectsCompleted Projects
Sierra Yoyo Desan Road
Academic Ambulatory Care Centre
Abbotsford Regional Hospital
and Cancer Centre
Projects in Competition PhaseProjects in Competition Phase
Local and International InterestLocal and International Interest
Nearly 500 companies have registered interest in our projects
Nearly 200 companies have joined consortia
We rely on local advisors
Commitment to DisclosureCommitment to Disclosure
Mandate to serve public interest
New standard for government disclosure
In negotiation – limited disclosure
Post negotiation – maximum disclosure• Rationale for approach• Value for Money assessment• Fair, transparent, competitive process• Release of final documentation• Identify Best Practices
Help meet BC’s infrastructure needsStructure and implement partnerships for major capital projectsAchieve Value for Money for taxpayersServe public interest and ensure fair processesBecome commercially viable
Towards These Objectives……Towards These Objectives……