The South Fraser Perimeter Road (SFPR) project is a public-private-partnership, more commonly called a “P3”, between the Province of British Columbia and the Fraser Transportation Group (FTG) Partnership. There are different types of P3, but this one requires Fraser Transportation Group to Design, Build, Finance and Operate (DBFO) the South Fraser Perimeter Road (Highway 17) until year 2034. This type of P3-DBFO contract and is widely used by the Canadian Government for the procurement of public works.
