Nova Scotia continues P3 buyback

The Government of Nova Scotia is set to continue its P3 buyback program with the purchase of a prison facility.

The Government of Nova Scotia is set to continue its P3 buyback program with the purchase of a prison facility.

Under the deal, the province will pay C$18m for the Central Nova Scotia Correctional Facility and East Coast Forensic Hospital in Dartmouth from Alderney CFF – having invested $6.8m in 2019.

In 1999, the province signed a 25-year P3 with Alderney to deliver the facilities, but has decided to buy out the remaining years of the contract.

Michelle Thompson, Minister of Health and Wellness, described the deal as a “positive step” for the province, and guaranteed the “continued operation and support for patients in this central location”.

Earlier this year, Nova Scotia announced that it had set $217m aside to buy back four remaining school P3s before they head to expiry.