Created in 2002, it is governed by a board of directors reporting to its sole shareholder, the Minister of Finance.

[1] Some examples of projects facilitated by Partnerships BC include the Canada Line rapid transit line, the Abbotsford Hospital and Cancer Centre and the Sea-to-Sky Highway project.

Because it require P3s for its existence, does policy promotion and evaluation, and charge a user fee, Partnership BC has an incentive to recommend departments to use the P3 model.

Additionally, Partnership BC operates more like a business than a government agency.

The government justified this discrepancy by stating the high salaries were necessary for enticing professionals with financial experience to work for them.