Alternative financing and procurement (AFP) has recently been the subject of criticism. A report by the Office of the Ontario Auditor General stated that the provincial government has wasted billions of dollars as a result of its use of the AFP model over standard project delivery methods. The report provided fodder to the opponents of P3s and there are indications that these criticisms may have resonated with the public.
It is against this backdrop that the Ontario Chamber of Commerce (OCC) hosted the forum, Building Ontario’s Infrastructure Advantage, on March 31, 2015. The forum brought together top experts from Ontario’s engineering, construction, legal, financial, and public sectors for an informed conversation on the merits of the AFP model, and to discuss ways the model could be better leveraged to support economic growth in the province.
The OCC has written a follow-up report which provides background on the AFP model and identifies the key themes that emerged from the forum.
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