What does a P3 look like?

October 17, 2017 - Surety 101

Hi, I’m Sheila Thompson principal of Rosenberg & Parker of Canada. What does a P3 or public private partnership really look like? Well, let’s take the example of a highway being built with a P3 model. We are going to be responsible for designing, building, financing, owning, operating and maintaining the highway and that is a lot. A concessionaire group is formed. It usually includes the financier, the design professionals, the contractors. And it is the group that puts together the pricing for the whole project. And remember there is that operation and maintenance phase and that can be as long as 25-30 years. And that’s a long time. At Rosenberg & Parker our vision is clear and it’s PURE surety.
Our vision is clear and it’s PURE surety