Alberta poised for a P3

What's a P3? It is a joint venture involving a public-private partnership. Usual the government works with the private sector to share the costs and risks in building an infrastructure project.

The province of Alberta recently announced it will accept bids for the city of Calgary's northeast ring road. The idea is to have a private company build and then maintain the road for 30 years. The cost of the project is estimated to be $900 million.