From P3s to AFPs
Government cost savings estimates overstated
TORONTO – Ontario taxpayers could be saddled with $585 million in higher costs due to the provincial government’s decision to let private sector bidders oversee 14 hospital projects, says a study by the Canadian Centre for Policy Alternatives (CCPA) and the Registered Nurses’ Association of Ontario (RNAO).
The study examines the province’s claim that alternative financing and procurement (AFP) deals with the private sector, will save the public purse $341 million. The study concludes that this prediction is, at best, optimistic.