Public Values

Public-Private Partnerships and Municipalities

Beyond principles: a brief overview of practices.

Pierre J Hamelby Pierre J Hamel, INRS, urbanization, culture et société

. . . P3s are not a cure-all or miracle treatment for all situations. They do not offer municipalities a magic solution to the real problem of financing infrastructure, the primary and often only real challenge facing local governments.

The problem of financing municipal infrastructure is not related to the availability of the needed funding, access to financial markets, debt ratings, or the cost of loans taken by municipalities. To make infrastructure investments, municipal governments can easily borrow almost al the funds they need at very favorable rates. Indeed, this fact is so clear, it is rarely challenged. To leave the responsibility of financing to the private partner is a poor solution to a non-existent problem, when traditional municipal financing is simple, relatively easy and, above all, much less costly than the private-sector equivalent. Nevertheless, the truth is that some people have in interest in making us think there is a problem, because they have a solution to sell.

In this respect, we would emphasize that in promoting P3s, one of the objectives pursued by government is to create new business opportunities for investors. . .

Links and sources
  Press release for Pierre J Hamel paper, August 31, 2007
  "Public-Private Partnerships and Municipalities", by Pierre J Hamel, INRS, urbanization, culture et société, 2007. Produced at the request of the FCM
  Federation of Canadian Municipalities

Posted: April 16, 2008

Categories:
  Research
  Politics
  Public services
  Voices of privatization

Public Values (PublicValues.ca) is a project of the Golden Lake Institute and the online publication StraightGoods.ca


Public Values
 
HOME
CONTACT US
SEARCH
FREE BULLETIN
FRANÇAIS
Search PublicValues.ca
Donate to PublicValues.ca
News
Research
Politics
Campaigns
Health care
Public services
Natural resources
Energy
Education
Front lines
Voices of privatization
Feedback and dialogue
Visit StraightGoods.ca
About Us
Donations
Newswire/RSS
What is framing?
Monday, October 16, 2017
Updated frequently
To view photo captions, run your mouse over the photo
 
Bookmark and Share

© Golden Lake Institute/PublicValues.ca, 2007-11
PublicValues.ca owns copyright on all staff-written articles.
We encourage others to freely distribute material from this website but, without explicit permission,
Web publishers may only use short excerpts that also include credit to us and a reference to our site for the full article.
This site is managed by the Golden Lake InstituteVisit Golden Lake Institute Website and Straight Goods NewsVisit Straight Goods News Website
For comments or suggestions, please contact the PublicValues.ca Editor
For technical issues, please contact the PublicValues.ca Webmaster