Quebec hospitals to cost $4 billion more as P3s than if publicly-owned
Not to late to cancel the process, PQ critic says.
QUEBEC, March 27 2009 - Quebec taxpayers could save at least $4 billion if Montreal's two new university teaching hospitals are built as conventional projects, rather than public-private partnerships, says Sylvain Simard, the Parti Québécois critic on public-private partnerships.
Simard made the calculation Friday at hearings into greater reliance by the Charest government on public-private partnerships to build hospitals, highways and Montreal's long-awaited symphony concert hall, which he said has risen in cost from $65 million to $280 million.
The PQ critic suggested it is not too late for the government to cancel the PPP process for the McGill and Université de Montréal teaching hospitals, building them instead as conventional, publicly owned projects, for less money.
He noted that in addition to seeking a "Madoff-size" return on PPP projects of 15 percent, PPP consortiums would own the hospitals for the 30-year life of the PPP contract. . .
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Build hospitals without private partners, save $4B: PQ, by Kevin Dougherty, The Montreal Gazette, March 27 2009
Posted: April 02, 2009
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