What are P3s?

August 15, 2017 - Surety 101

Hello, I’m Sheila Thompson, Principal at Rosenberg & Parker of Canada talking about P3s. Now, what are P3s? They are public private partnerships. It is a long-term contractual agreement between the public sector and private partners. The private partners invest their assets to create a public service or facility. An example of a P3 project in Canada would be a hospital. Where the design, the build, the finance, the own, the operate, the maintenance of the hospital is all under the control of the private sector but it’s the public sector that benefits from the hospital. At Rosenberg & Parker our vision is clear and it’s PURE surety. Our vision is clear and it’s PURE surety