Port Mann P3 scuttled by Victoria over lack of private finance

The B.C. Liberal government has ditched plans to build the new Port Mann bridge crossing through a so-called public-private partnership (P3) and will now finance the project directly. That's a dramatic reversal for...

B.C. P3 lender burning through government loan guarantees

The Belgian-French bank that's supplying the financing to several public-private partnership (P3) projects in British Columbia has exhausted half of the government guarantees it received in a September bailout....

Macquarie signals huge losses day after P3 mega-bridge announced

Just a day after the B.C. Liberal government announced plans to supersize the new Port Mann bridge crossing comes news that the project's private partner is facing major write-downs on its other infrastructure...

World credit crunch makes local P3 projects risky propositions

The Vancouver Sun has published a major feature that raises serious questions about the financial health of privately-financed infrastructure projects in British Columbia.The investigative report comes a day...

B.C. P3 lender posts largest 2008 loss on key European index

Dexia, the Belgian-French bank that's bankrolling three major infrastructure projects in British Columbia, saw its stock value plummet by more than 81 per cent in 2008. It was the largest loss by a company listed...

Insider trading investigated at bank linked to BC P3s

Hypo Real Estate (HRE), the real estate and public finance bank linked to several high profile government projects in British Columbia, is being investigated by German prosecutors for suspicion of insider trading....