And it is true that the hardest incentive to get right is proper pricing. A lack of pricing that appropriately reflects demand and supply conditions may be one reason why there have been relatively few PPP infrastructure projects in Canada. But new technologies provide new opportunities to gauge demand for public services, and to price them accordingly.
Clearly, though, if public-private partnerships are to deliver on their promise, it is essential that the risks be appropriately shared between governments and the private provider. And I do recognize that constructing appropriate risk-sharing arrangements is not easy. Conclusion Let me conclude.