Corporate Information

Corporate Governance

On February 28, 2008, PPP Canada was incorporated pursuant to the Canada Business Corporations Act.  On May 8, 2008, the Governor-in-Council declared PPP Canada as a Parent Crown corporation for the purposes of Part X, (except section 90) of the Financial Administration Act and reports to Parliament through the Minister of Finance.  The objects for the Corporation were established by Order-in-Council as follows:

• Assess public-private partnerships opportunities at the federal level in accordance with criteria established by the Treasury Board;
• Assess the suitability of public-private partnership projects seeking funding from federal infrastructure programs in accordance with criteria established by or pursuant to Treasury Board authorities;
• Advise on the execution of public-private partnership projects at the federal level;
• Manage the Public-Private Partnerships Funds (P3 Canada Fund) in accordance with the policies and authorities established by the Treasury Board;
• Negotiate, sign and administer agreements to be funded through the P3 Canada Fund in accordance with the policies and authorities established by the Treasury Board; and,
• Act as a source of expertise and advice on public-private partnership matters.

The OIC also stipulates the foregoing objects shall in no way include the initiation, development or elaboration of policy related to decision-making concerning PPP project approval.

Authority for Project Approval

The Board of Directors will approve recommendations to the Minister(s).

The Minister of Finance and the Minister of Transport, Infrastructure and Communities and the Treasury Board share responsibilities with respect to approval and amendments of certain projects funded by the P3 Canada Fund. 

• For amounts of less than $25 million:
  • Following the approval by the Board of Directors of PPP Canada of a recommendation to the Minister, such projects will then be submitted to the Minister of Finance for final approval.
  • Once final approval from the Minister of Finance is obtained, PPP Canada will finalize and the CEO will sign a funding agreement with the recipient(s) (and other parties if needed).

• For amounts of $25 million or more but less than $100 million:
  • Following the approval by the Board of Directors of PPP Canada of a recommendation to the Minister, such projects will then be submitted to both the Minister of Finance and the Minister of Transport, Infrastructure and Communities for final approval.
  • Once final approval from the two Ministers is obtained, PPP Canada will finalize and the CEO will sign a funding agreement with the recipient(s) (and other parties if needed).

• For amounts of $100 million or more:
  • Following the approval by the Board of Directors of a recommendation to the Minister, such projects will then be submitted to the Minister of Finance and the Minister of Transport, Infrastructure and Communities for their approval in principle.
  • The Minister of Finance and the Minister of Transport, Infrastructure and Communities will seek the final approval by the Governor in Council (i.e., the Treasury Board).  This could be done as part of the approval process for PPP Canada’s annual corporate plan or through stand-alone Treasury Board submissions.
  • Following approval by the Governor-in-Council, PPP Canada will finalize and the CEO will sign a funding agreement with the recipient(s) (and other parties if needed).