Capital Plan and Alternate Capital Financing
Alberta Infrastructure works with other ministries to ensure Albertans have the schools, hospitals and other public infrastructure necessary to support a strong economy and meet the needs of a growing population.
Quality infrastructure is the backbone of a vibrant and growing economy. During the next three years, the Government of Alberta will invest $15 billion in public infrastructure to ensure Albertans have proper facilities to provide services and help maintain our high standard of living, now and into the future.
Alternate Capital Financing
In support of the 2013-16 Capital Plan, government is exploring alternative or innovative ways, such as public-private partnerships (P3) or working in partnership with municipalities, to finance and build needed infrastructure.
Alternative arrangements may not be the best fit for all capital projects. They are only considered where it makes sense from the taxpayers’ perspective.
A P3 arrangement enables the Alberta government to share the expense and risk of development with the private sector. It also ensures cost certainty for government since it is delivered at a fixed cost.
P3 agreements also allow the province to spread the cost of a project out over a longer period of time by accessing private capital and paying for an asset as it is consumed, rather than expensing the asset when it is constructed, which is the current practice. This enables the government to address a greater number of infrastructure pressures sooner and accelerate the building of roads, schools and other public facilities.