P3 schools show privatization a failed policy
November 2, 2016
For immediate release.
HALIFAX – The experience of Nova Scotia with P3 schools should halt any consideration of using public-private partnerships to fund future public projects. The Liberal government announced today that they will buy back 12 P3 schools at a cost of $85.9 million. The Liberals are currently considering building the new Victoria General hospital using a P3 model.
“The evidence shows that the only ones who benefit from privatizing public projects are the companies who reap significant profits from building and operating public services,” said NDP Leader Gary Burrill. “When the province builds a school or a hospital or a road, the province should own it from the outset.”
A 2014 report by Peter Vaughan, Deputy Minister of Health and Wellness found that private financiers provided only $66 million for the Cobequid Pass, a P3 project, while highway users have paid more than $300 million in tolls.
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