November 3, 2015
The Canadian Council for Public Private Partnerships (CCPPP) hosted the 23rd National Conference on P3s in Toronto with 1,200 senior government and business leaders from North America.
The Institute for Public-Private Partnerships (IP3) was one of the 2015 Sponsors for the Summit.
In his opening remarks, Toronto Mayor John Tory stressed the importance of examining the option of Public-Private Partnerships (P3s) when it comes to future projects for the city, such as SmartTrack and the Scarborough subway extension
Mayor Tory highlighted the Toronto City Council’s recent decision to reconstruct the Gardiner Expressway through a P3 arrangement, a procurement approach that “will reduce the time it takes to reconstruct the Expressway to 6 years instead of 20," and that will save around $500-million over the life of the contract.
The Institute for Public-Private Partnerships (IP3), headquartered in the Washington, D.C. area, is a leading PPP advisory services and capacity building provider. Working with governments, corporations, multilateral institutions, and financial entities, IP3 enables clients to build their institutional capacity and to carry out successful P3 projects in the global infrastructure market. IP3 was represented at the Toronto Summit by Seth Miller-Gabriel, IP3’s Director for North America Operations, and Tomas Kiguel, Head of Latin America and Europe operations.
Left: Toronto Mayor John Tory delivers opening remarks. Right: CCPPP President Mark Romoff introduces IP3 as one of the Summit's sponsors