What barriers currently limit the amount of P3 work being performed on a national scale?
Every province in Canada
is in a different stage of P3 maturity, with Ontario and BC leading the way.The challenge is that some projects are not well suited for the P3 model and as a result, governments with insufficient funds may put projects on hold. At this time the P3 market is still strong, but how long it will continue, is based on the supply of viable projects that can currently fit the traditional P3 model. Innovation on the P3 model will be required to ensure the future potential of the Canadian Infrastructure market is supported for its future needs
Developing
an excellent team of constructors, investors and designers requires exceptional talent and there are not many groups of such quality that can be formed in Canada. One of the major challenges is the very high cost (to all team members) of competing. A company cannot afford to lose many such ventures because the financial repercussions can be severe.
From a legal perspective,
there are no barriers limiting the amount of P3 work that can be performed nationally. Integrated national and international law firms can assist clients, public or private, in any Canadian jurisdiction. However, given the maturity of the market, a deep knowledge of precedents and awareness of the local environment are key assets that firms with diverse Canadian experience possess.