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ARTICLE · 29 NOVEMBER 2022

Managing Risks In Canada's P3 Landscape

Torys
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That maybe was an ambitious assumption in the face of trying to do bigger projects and trying to tighten up the model and make the model and contractual terms a little more rigid.

CanadaReal Estate and Construction
Mark Bain
Mark Bain
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Head of Torys' Private-Public Partnerships practice and co-head of the firm's Infrastructure and Energy practice Mark Bain sat down with The Construction Record podcast to reflect on the current state of P3s in Canada and share his thoughts on the future of the sector.

In Episode 224 of the podcast, Mark said that Canada's strong support from private and public sectors has been helpful for P3s in overcoming the challenges and risks faced in the last few years, including the stresses from COVID-19.

Read: Mark Bain steps down from CCPPP board after 20 years

Mark observed that as the market has evolved, projects are becoming larger and more complex in comparison to previous projects that followed a different model and in turn are welcoming new risks.

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