Winnipeg is spending $37.8M in 2021 on payments for infrastructure built using public-private partnerships, totaling $227.8M over six years. Highlights include:
- Disraeli Bridge & Overpass: $12M/year
- Chief Peguis Extension: $6.4M/year
- East District Police Station: $1.1M/year
- Disraeli Bridge & Overpass: $12M/year
- Chief Peguis Extension: $6.4M/year
- East District Police Station: $1.1M/year
The city will be making lease payments for the Disraeli Bridge & Overpass to Plenary Roads Winnipeg (which also built Stage 2 of the SW Transitway) until 2042.
In total, Winnipeg will pay $336.9 million between 2021 and 2042. For a grand total of two kilometers of road.
In total, Winnipeg will pay $336.9 million between 2021 and 2042. For a grand total of two kilometers of road.
P3s are attractive to governments as they let them keep infrastructure costs off the books in the short term. But it usually ends up costing far more in the long term (private projects borrow at higher rates and expect profits) and compromising the quality of the infrastructure.