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Ontario’s auditor general says public-private partnerships may not actually be a magic source of money, after all

By Steve Kupferman
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$8,000,000,000
$8,000,000,000

—The approximate amount of money the provincial government could have saved over the past decade if it had successfully (i.e., without any of the stunning incompetence that sometimes plagues Queen’s Park) delivered large infrastructure projects itself, rather than relying on public-private partnerships, according to a new report from the Ontario auditor general. This is startling news, because the key selling point of public-private partnerships has always been that they’re allegedly cheaper than government-run projects.

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