rbt
Senior Member
It seems the fundamental basis for your claim that PPP is 'better' is they would start construction in a more timely manner.
Which isn't true at all. It is far easier to tender a contract to a general contractor to have something built than it is to tender for a business partner. Metrolinx had some preliminary discussions about entering P3 agreements and found any project involving one would be delayed by about 1 year to negotiate terms of the contract. Once that contract is signed, both the general contractor or P3 partner are about as likely to work as quickly as possible in both cases since they are both bound to the costs set in the bid.
The reason for the delay is pretty simple. One is expecting a cheque (very simple payment option) and the other needs to do a full scoping exercise on revenue ranges expected and risk managementment therein.