Barrie P3 wins federal funding

Canada's government has announced it will award nearly C$6m (US$5.9m) in federal funding to support a bus transit P3 in Barrie.

The project to design, build and finance a new transit facility as well as operate the city’s bus fleet, was allocated the cash via the country's P3 fund. It will also receive £17m in financing from the City of Barrie.

"A strong transit system is key to enhancing and strengthening a local economy. With the P3 approach, the City of Barrie will receive a new transit facility on time and on budget and will be moving the operations and maintenance of its bus fleet to a performance-based contract which will provide higher quality bus operations and services to residents in our community,” MP for Barrie Patrick Brown said.

“Since the launch of the P3 Canada Fund in 2009, PPP Canada has seen growing interest from municipalities that are considering P3s as alternative means to delivering community-based infrastructure,” said Greg Melchin, Chair of PPP Canada.

The renovation of the transit facility will provide enhanced services to sustain the current bus fleet and encourage competitive bidding on the operations and maintenance of the City’s fleet.