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How Washington could have helped the market at no cost to taxpayers

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Montreal P3 'superhospitals' in doubt as private financing tanks

Public-private partnerships, the infrastructure development model hailed by some as a superior way for governments to provide hospitals, highways, schools and other large-scale projects to taxpayers, have taken...

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created by mtammas | 44 wks ago | updated 44 wks ago
377 views | 52 recommendations | 3 comments

car1edb

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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...

created by mike_yvr | 44 wks ago | updated 44 wks ago
409 views | 30 recommendations | 4 comments

car1edb

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Port Mann bridge partner reports massive losses on toll roads

The key investor behind the public-private partnership building and operating the new ten-lane Port Mann toll bridge today reported a loss of over $1 billion (CAD). Macquarie Group's infrastructure arm took the...

created by mike_yvr | 46 wks ago | updated 45 wks ago
607 views | 3 recommendations | 1 comment

car1edb

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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...

created by mike_yvr | 47 wks ago | updated 47 wks ago
984 views | 18 recommendations | 3 comments

Jordan Yerman

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Embattled B.C. P3 lender to be cut loose by German parent

Depfa Bank PLC, a key source of credit to several British Columbia public-private partnership projects and a financial sink hole for its German parent, will be cut loose according to media sources. The...

created by mike_yvr | 48 wks ago | updated 48 wks ago
158 views | 2 recommendations | 0 comments

thekmancom

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P3s cost more, says prominent B.C. forensic accountant

A new study by B.C.'s best-known forensic accountant concludes that so-called public-private partnerships (P3s) for public projects cost more than if they were financed directly by government. The study also finds...

created by mike_yvr | 48 wks ago | updated 48 wks ago
186 views | 24 recommendations | 0 comments

eastvanray

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B.C. government bails out Port Mann P3

There's a lot of questions being raised about the future of using so-called public-private partnerships to provide major infrastructure projects like the Port Mann Bridge and Highway 1 expansion. Just yesterday,...

created by mike_yvr | 49 wks ago | updated 49 wks ago
280 views | 12 recommendations | 4 comments

LotusFlower

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Schwarzenegger's P3 schemes rapped by California treasurer

In an op-ed published in today's Sacramento Bee, California's state treasurer takes on proponents of public-private partnerships and makes the case for funding public infrastructure projects by issuing municipal...

created by mike_yvr | 49 wks ago | updated 49 wks ago
261 views | 4 recommendations | 1 comment

thekmancom

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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...

created by mike_yvr | 49 wks ago | updated 49 wks ago
377 views | 4 recommendations | 1 comment

Jordan Yerman

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Will the German government become defacto shareholder in BC P3s?

The German bank that's involved in the financing of three high profile public-private partnership (P3) projects in British Columbia may be partially nationalized by the German government. Hypo Real Estate (HRE)...

created by mike_yvr | 50 wks ago | updated 50 wks ago
140 views | 3 recommendations | 0 comments

eastvanray

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P3 financing for Port Mann bridge uncertain

A plan to privately finance the twinning of the Port Mann Bridge and widen Highway 1 through a public-private partnership (P3) appears to be on shaky ground. The Australian financial partner in the scheme -- the...

created by mike_yvr | 50 wks ago | updated 50 wks ago
325 views | 0 recommendations | 0 comments

Jordan Yerman

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Claimants sought for class action against bank linked to BC P3s

A Frankfurt-based law firm is warning investors in Hypo Real Estate (HRE) that time may be running out to make claims for damages against the troubled German lender.The firm Winheller Attorneys says that...

created by mike_yvr | 1 year ago | updated 1 year ago
223 views | 12 recommendations | 0 comments

eastvanray

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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...

created by mike_yvr | 1 year ago | updated 1 year ago
175 views | 14 recommendations | 2 comments

Jordan Yerman

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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....

created by mike_yvr | 1 year ago | updated 1 year ago
403 views | 44 recommendations | 4 comments

European bank funding BC P3s may be broken up by new owners

Dexia, the Belgian-French bank that's involved in several public-private partnership schemes in British Columbia, may be broken up by the governments who bailed it out. The bank is providing financing for the Royal Jubilee Hospital expansion in Victoria, a new Surrey...

created by mike_yvr | 1 year ago | updated 1 year ago
234 views | 10 recommendations | 2 comments

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