Premier pushes P3 agreements at economic summit
Posted Oct 5, 2013 2:41 pm.
This article is more than 5 years old.
Alberta Premier Alison Redford says she wants to explore new ways of paying for infrastructure projects on a cost-shared basis with the private sector.
Redford says that the so-called P3 public-private partnership model has worked so well on projects like roads, it may work for other projects as well.
Redford made the comments today to reporters at the province’s second economic summit, held at the University of Alberta.
Academics, politicians, and business leaders hashed out ideas on how to raise money for infrastructure projects and on where to invest Alberta’s savings.
Opposition Wildrose leader Danielle Smith, who was at the summit, says Redford is on track to rack up $17 billion in infrastructure debt and is using the event to get public buy-in to spend even more.
NDP Leader Brian Mason says Redford is trying to fix a broken financial model, saying her government needs to find money because taxes on the wealthy and corporations were slashed under former premier Ralph Klein.
