10 problems with P3s
Across Canada, some governments are promoting privatizing public infrastructure and services through public-private partnerships, also known as P3s. In a P3 deal, private corporations make a profit from financing, operating and/or maintaining public infrastructure projects. Municipal or provincial governments, school boards or health authorities sign contracts with private corporations to design, build, operate and sometimes finance infrastructure and deliver services that were once public. These contracts can last 30 years or longer. Working with our allies, CUPE has helped keep many vital services public, because we know they keep our province strong. P3s are privatization, pure and simple. There are many reasons public works best to build and maintain long-term care facilities, hospitals, water and wastewater treatment facilities, schools, transit systems, roads, bridges and other vital assets. Here are 10: P3s cost the public more Private, for-profit corporations get involved with P3s to make a profit for their shareholders. Those … Read more…