By Adrian Morrow
December 9, 2014, The Globe and Mail
Public-private partnerships have cost Ontario taxpayers nearly $8-billion more on infrastructure over the past nine years than if the government had successfully built the projects itself.
The revelation, from Auditor-General Bonnie Lysyk, comes as Premier Kathleen Wynne stakes the province’s future on a vast construction program that will see dozens of new schools, bridges and subways built over the next decade. And it suggests Ms. Wynne can build that infrastructure more cheaply as she wrestles down a $12.5-billion deficit.
“If the public sector could manage projects successfully, on time and on budget, there is taxpayer money to be saved,” Ms. Lysyk said Tuesday at Queen’s Park.
Her audit looked at 74 projects – including several hospitals and the Eglinton light rail line – that were built using private partnerships, called Alternative Financing and Procurement (AFP), by Crown corporation Infrastructure Ontario since 2005. Read more…