Author recommends against P3 arrangement, citing higher costs, poor risk transfer and failure of similar projects elsewhere
May 21, 2003 |
BC Office
(Vancouver) The author of a CCPA report released today on the proposed P3 (public-private partnership) for the RAV (Richmond-Airport/Vancouver rapid transit line) is calling for the development of an independent 'public sector comparator' by BC's Auditor General. Blair Redlin says such a comparison of public and private sector costs and risks is needed before TransLink and the GVRD make a decision about the RAV, and before a Request for Proposals (RPF) is issued.