🕔 July 12, 2010

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You know that this blog has been a clear advocate of PPPs for infrastructure projects.Some of the advantages that PPPs offer are: lowering procurement costs, ensuring value for money, expanding infrastructure capital and innovation, facilitating the trade off between investment and operational cost...but we all know that public administrations lack of funds to cover all the infrastructure needs and that they need capital investments to be out of their balance.But of course there are some disadvantages and PPPs are not always the best procurement method for every infrastructure project.Anyways, I bring you today a book writen by John Loxley and Salim Loxley. They claim that PPP/P3s have made the canadian government lose money because project costs raised. In their words: This book is an essential tool in the ongoing struggle to preserve the public good.Let me present you the book and the intro they present:PUBLIC SERVICE, PRIVATE PROFITSThe Political Economy of Public-Private Partnerships in CanadaPPPs/P3s have become all the rage amongst every level of government in Canada in recent years. Proponents claim P3s reduce the costs of building and operating public projects and services,that projects and services are delivered more efficiently through the P3 model, so that in the end taxpayers are better off economically and as consumers of public goods. This book tests all of these claims, and more, finding them mostly empty, ideological assertions. Through an exhaustive series of case studies of P3s in Canada - from schools, bridges and water treatment plants to social services and hospital food - this book finds that most P3s are more costly to build and finance, provide poorer quality services and are less accessible than if they were built and operated by public servants. Moreover, many essential services are less accountable to citizens when private corporations are involved."One frightening consequence of the global financial crisis of 2008-09 is the renewed effort by private investors to force the privatization of public assets. And their tool of choice has become the public-private partnership. In this devastating and incredibly timely critique, John Loxley exposes P3s for what they are: a phony fiscal shell game that enriches investors at our expense. This book is an essential tool in the ongoing struggle to preserve the public good."- Jim Stanford, Economist, Canadian Auto Workers

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