New bill calls for Canada P3 overhaul

Opposition politicians in Canada’s province of Saskatchewan have called for new scrutiny around the country’s P3 deals.

Officials in the province have introduced a new private members bill calling for P3s to be held more accountable and the creation of a new independent watchdog on proposed deals.

Under the plans, the proposed legislation would also prevent P3s from moving ahead if there were less than three bidders on a project. The review process would also include details on the costs associated with a P3, as well as a value for money analysis.

Filed by Saskatchewan's Opposition finance critic Trent Wotherspoon, of the province’s New Democratic Party, the bill has been designed to increase transparency on future deals and those currently in procurement.

The news follows the recent announcement that nine new school projects are being planned in the province.

"The concern right now is government is pushing forward with these schools P3s," said Wotherspoon. "In fact, they have part of the process already out there, and they don’t have the facts on the table to Saskatchewan people."

The Saskatchewan government has now confirmed that an independent assessment will be carried out by a private sector financial firm on the projects.