On July 27, the government of Ontario (Canada) issued a new policy that invites private-sector investment, according to the firm of Fasken Martineau DuMoulin LLP.
According to the new policy, "The government envisages the private sector taking a leading role in the following areas: overall procurement management of major infrastructure initiatives; sourcing and managing initiative finance; management of infrastructure assets, and providing services associated with specific infrastructure."
The policy sets out the tests and the criteria that will be used to decide the best financing model and procurement model for each infrastructure initiative.
The Ontario government specifically says it is open to unsolicited proposals.
Fasken Martineau has prepared a special report that analyzes Ontario's new policy and the opportunities that it creates. For a free copy of the report, access www.fasken.com/CanadaReport.