Welcome to the 24th CCPPP annual national conference — the preeminent gathering of innovative thinkers and leaders who drive the public-private partnership (P3) agenda around the world. Over the next two days, you will cross paths with 1,200 of the most influential players in the P3 space, engage in our high performance programming and take advantage of exceptional networking opportunities.
Our theme this year is
INNOVATING OUR FUTURE.
So, be prepared. Our sessions will challenge your thinking; our keynotes will open your eyes to new opportunities and new risks in the P3 space; and a broad range of international perspectives will help you understand Canada's leading role in promoting and developing public-private partnerships internationally.
The objective of this gathering is to provoke big thinking, to be innovative in our thinking.
How are we going to build urban transit and transportation systems for commutes that will include autonomous vehicles? How are we going to integrate the next generation of infrastructure into digitally connected smart cities? What kind of healthcare facilities will we need to support our millennials as they approach their 60s?
Innovation is a driving force of P3s — advancing ideas that have created alternative financing models, improving products and processes to ensure infrastructure is delivered on time and on budget and providing significant return on taxpayers' investments. Over the years these advanced ideas have, in turn, been the basis for best practices, new standards and expectations for future projects.
Innovation has spurred the exponential evolution of the Canadian P3 model over the past 25 years. Our model is now recognized as global best in class. That's one of the main reasons this conference continues to attract delegations from more than 20 countries. That's why our International Café is a growing success. A number of delegations are planning to extend their stay in Toronto beyond the conference in order to tour some of the most successful P3 projects in Ontario.
The world is learning its P3 lessons from Canadian expertise. It means increased opportunities for Canadian firms to partner on projects in the U.S., Latin America, the Caribbean, the Middle East and Asia.
But this conference is also an opportunity to focus on "lessons learned" from international experiences in P3 and infrastructure development. For example, how are Canadian firms preparing for "handbacks" at the end of the O&M phase of the P3 contract? It's new territory in this country so we'll get some real market perspective from those who've gone through it or are preparing for it elsewhere.
We'll also entertain the provocative question: What happens when things go wrong? Again, real market experience and real market issues that arose out of unanticipated problems. How were they handled? Is there a better way to prevent or be protected from the 'unexpected' risk?
Then there is the whole issue of the 'new' risk — risks that come with our need to be plugged in 24/7. How much thought have you given to the dangerous realities of a cyber-attack? Whether it targets your company or the infrastructure you are building, a cyber-attack risks the health and safety of the economy and communities.
Of course, we will take the opportunity to celebrate our successes and the exceptional leadership so many of you have demonstrated over the past year. The annual CCPPP awards are a coveted seal of excellence and always attract a broad range and depth of submissions that makes it tough for our Awards Panel to choose recipients.
More women are applying their considerable leadership and technical skills in the P3 space, breaking down barriers and inspiring a new generation of industry leaders. So, we will set time aside to acknowledge the 2016 Women In Infrastructure Award winners.
As you will read here in the P3 Daily Reporter, the latest Nanos Research suggests 71 per cent of Canadians support the use of P3s to build publicly owned infrastructure. It's the highest level of support for P3s ever recorded in our history of polling the views of Canadians.
This perceptual data is supported by the independent research released earlier this month by the Canadian Centre for Economic Analysis (CANCEA).
The CANCEA report is the first study to quantify the added, systemic value of public-private partnerships. The research confirms that on time delivery generates an economic boost equivalent to 10 per cent of the total project value on a portfolio the size of Canada's. It means on time delivery of our $118-billion portfolio has generated a benefit of nearly $12 billion.
It's a new way of understanding the value of P3s. It's a new way to understand value for money.
It's innovative thinking. It's thinking that makes us reconsider the status quo.
Welcome to the brainstorm. Welcome to P3 2016.