New public Peterborough hospital dramatically cheaper than public-private partnerships
Comparison of costs raises questions about P3 funding practice.
by the Ontario Health Coalition
June 6, 2008 — As patients move into the brand new public Peterborough Hospital on Sunday June 8th a new Ontario Health Coalition report shows that it was completed at a fraction of the cost of the Private-Public Partnership (P3) Brampton William Osler Hospital and the P3 North Bay General Hospital. The report, "Cost Comparison Analysis of P3 Projects Versus Public Hospital" raises serious questions about the extraordinary cost of the privatized P3 hospitals.
The Peterborough hospital was the last public project to be approved before the P3 program was introduced. The Brampton hospital was the first P3 hospital to be completed. Both were started under the Conservative government and completed under the McGuinty Liberal government. The North Bay hospital is the first P3 completed entirely under the McGuinty government, its high costs clearly demonstrating that the Brampton cost over-runs were no aberration. . .
Links and sources
OHC repor: Costs of new public Peterborough hospital dramatically lower than Public-Private Partnerships, press release, Ontario Health Coalition website, June 6, 2008
Posted: June 18, 2008
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